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You decide to issue some preferred stock. Each share of preferred stock will have 12...

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Finance

  1. You decide to issue some preferred stock. Each share of preferred stock will have 12 years to maturity, a par value of $10 and a $0.25 annual dividend. Investors expect a 9% return on your preferred shares. If you issue 100,000 shares, how much money will you raise (prior to any expenses associated with the issue)?

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