Determine the value of a share of dupont series a 450, Ask an Expert

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Determine the value of a share of dupont series a $4.50 cumulative preferred stock, no par, to an investor who requires a 9 percent rate of return on this security. The issue is callable at $120 per share plus accrued dividends. However, the issue is not expected to be called at any time in the foreseeable future.

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