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Business & Finance
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Universal Export’s preferred shares pay a 6.5% annual dividend on a $50-par value. The next dividend is due in 1 year. The required return of preferred shareholders is 9%. What is the fair price for the preferred shares?

Jul 15th, 2015

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Fair price = $ 25.58

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Jul 15th, 2015

This answer is incorrect

Jul 15th, 2015

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