Ch 10 P22: The Fridge – Air Company’s preferred stock...

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FIN 100 Week 6 Chapter 10 Homework Ch 10 P22: The Fridge – Air Company’s preferred stock pays a dividend of $4.50 per share annually. If the required rate of return on comparable quality preferred stocks is 14% , calculate the value of Fridge-Air’s preferred stock.
Ch 10 P23: The Joseph Company has a stock issue that pays a fixed dividend of $3.00 per share annually. Investors believe the nominal risk-free rate is 4% and that this stock should have a risk premium of 6% . What should be the value of this stock?
Ch 10 P24: The Lo Company earned $2.60 per share and paid a dividend of $1.30

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