13. (Preferred stock yield to first call) Genworth Financials 5.25% Series A cumulative preferred stock has a
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13. (Preferred stock yield to first call) Genworth Financial’s 5.25% Series A cumulative preferred stock has a par value of $50 and interest rate of 5.25% payable quarterly on the first day of March, June, September, and December. The stock is callable at par from 1 June 2011. If the stock trades at $45.50 on 2 June 2005, what is its yield to first call?
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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