问题如下图：
选项：
A. 
B. 
C. 
解释：
这道题算的很简单，但是干扰信息也太多了吧。。。
还以为是要算前3年的Re，然后算出第三年的value呢。。。
NO.PZ2016021705000024问题如下 MorgInsuranLt issuea fixerate perpetupreferrestothree years ago anplaceit privately with institutioninvestors. The stowissue$25 per share with a $1.75 vin If the company were to issue preferrestotoy, the yielwoul6.5 percent. The stock's current value is:A.$25.00.B.$26.92.C.$37.31.is correct.The company cissue preferresto6.5%. P p = $1.75/0.065 = $26.92 这个怎么计算呢，没太看懂
NO.PZ2016021705000024问题如下MorgInsuranLt issuea fixerate perpetupreferrestothree years ago anplaceit privately with institutioninvestors. The stowissue$25 per share with a $1.75 vin If the company were to issue preferrestotoy, the yielwoul6.5 percent. The stock's current value is:A.$25.00.B.$26.92.C.$37.31.is correct.The company cissue preferresto6.5%. P p = $1.75/0.065 = $26.92 请问a fixerate perpetupreferrestock固定的是r还是vin
NO.PZ2016021705000024 问题如下 MorgInsuranLt issuea fixerate perpetupreferrestothree years ago anplaceit privately with institutioninvestors. The stowissue$25 per share with a $1.75 vin If the company were to issue preferrestotoy, the yielwoul6.5 percent. The stock's current value is: A.$25.00. B.$26.92. C.$37.31. is correct.The company cissue preferresto6.5%. P p = $1.75/0.065 = $26.92 老师这道题难道不是Equity Valuation的内容，考察GGM里永续年金的公式，为什么会放在这里？
NO.PZ2016021705000024
对于永续债而言，是不是不管利息支付了多长时间，因为其是永续的，利息支付不影响其价格变动，当前价值与红利和利率有关都是y，
