Great Plains Energy is a public utility holding company that listed its 4.5 percent cumulative perpetual preferred
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Great Plains Energy is a public utility holding company that listed its 4.5 percent cumulative perpetual preferred stock series E on the NYSE Euronext in March 1952 (Ticker: GXPPrE). The par value of the preferred stock is $ 100. If the required rate of return on this stock is 5.6 percent, estimate the value of the stock.
Par ValuePar value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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The preferred stock pays 45 percent ...View the full answer
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Related Book For 
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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