Great plains energy is a public utility holding company, Ask an Expert

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Great Plains Energy is a public utility holding company that listed its 4.5 percent cumulative perpetual preferred stock series E on the NYSE Euronext in March 1952 (Ticker: GXPPrE). The par value of the preferred stock is $ 100. If the required rate of return on this stock is 5.6 percent, estimate the value of the stock.

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