A firm issues preferred stock with a dividend of $3.26. If the appropriate discount rate is 9.80% what is the value of the preferred stock? The market price of a share of preferred stock is $21.02 and the dividend is $2.35. What discount rate did the market use to value the stock? The market price of a share of preferred stock is $26.08. The market uses a discount rate of 9.69%. What is the dividend?
