The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, what is its market value?

Respuesta :

Dang I used to know this but I completely forgot I will try to answer if it comes back to me

Answer:

$150

Explanation:

Dividend/ Demand Return

$16.50/.11 = $150

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