Express Surgery Center's (ESC) preferred stock, which has a par value equal to $220 per...
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Accounting
Express Surgery Center's ESC preferred stock, which has a par value equal to $ per share, pays an annual dividend equal to percent of the par value. If
investors require a percent return to purchase ESC's preferred stock, what is the stock's market value? Do not round intermediate calculations, Round your answe
to the nearest cent.
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