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Posted: January 31st, 2023

Kansas State University-FINAN 450-A preferred stock investment will pay you an annual $8 dividend

A preferred stock investment will pay you an annual $8 dividend on the same day each year. The dividends will begin 9 years from today and go on forever. How much is this investment worth today if the required rate is 10%? Please show me how to solve this type of problem.

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