blackstorm4020 blackstorm4020
  • 25-01-2024
  • Business
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Alabama Power has preferred stock that pays an annual dividend of $9.44. If the security has no maturity, what is it's value to an investor who wishes to obtain a 9% rate of return?

a. $84.96
b. $104.89
c. $95.34
d. $94.40

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