Carlysle corporation has perpetual preferred stock, Ask an Expert

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Carlysle Corporation has perpetual preferred stock outstanding that pays a constant annual dividend of $1.60 at the end of each year. If investors require an 10% return on the preferred stock, what is the price of the firm's perpetual preferred stock? Round your answer to the nearest cent. Do not round intermediate calculations. $ per share.

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Financial Management, Finance

Category:- Financial Management
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