Achi Corp. has preferred stock with an annual dividend of $ 3.22. If the required return on Achi's preferred stock is 8.4 % , what is its price? ( Hint: For a preferred stock, the dividend growth rate is zero.)
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Home » Business » Achi Corp. has preferred stock with an annual dividend of $ 3.22. If the required return on Achi's preferred stock is 8.4 % , what is its price? ( Hint: For a preferred stock, the dividend growth rate is zero.)