Preferred dividend is Rs 60 and required rate of return is 20% then value of preferred stock will be

Preferred dividend is Rs 60 and required rate of return is 20% then va

1.	Preferred dividend is Rs 60 and required rate of return is 20% then value of preferred stock will be
A.	s 40.00
B.	s 120.00
C.	s 12.00
D.	s 300.00
Answer» E.