Assume the Kodon preferred stock in the preceding examples is scheduled to pay its first dividend in four years,and is non-cumulative(i.e.,dose not pay any dividends for the first three years).Given an 8% required rate of return,what is the value of Kodon's preferred stock today?
Pv perpetuity = $56.25
为何N不是4，教程里N是3，想不通