EBOOK Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields...
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EBOOK Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 6%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? O O 0 b. Suppose interest rates rise and pull the preferred stock's yield up to 15%. What is its new market value? $ $ EBOOK Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 6%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? O O 0 b. Suppose interest rates rise and pull the preferred stock's yield up to 15%. What is its new market value? $ $
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