A preferred stock pays a dividend of $3.50 in perpetuity.
A preferred stock pays a dividend of $3.50 in perpetuity. If the return required by shareholders is 11%, then the price per share for this preferred stock is
|none of the above|
If a company called Fin201 Inc. went out of business and was liquidated, which of the following is the correct order that the following stakeholders and owners would be paid? (paid first, paid second, paid third)
|common stock, debt holders, preferred stock|
|TAs, Professor Cardell, students, bugs, dirt|
|preferred stock, debt holders, common stock|
|debt holders, preferred stock, common stock|
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