Question
1)ch 14 Preferred stock B has a $95 annual dividend, $1,000 par value, and matures after twenty-five years. If comparable yields are 9 percent, what
1)ch 14 Preferred stock B has a $95 annual dividend, $1,000 par value, and matures after twenty-five years. If comparable yields are 9 percent, what should be the price of preferred B stock? Hint: can use financial calculator to solve. Round to the nearest whole dollar. Just type the number, no commas, no dollar signs.
2)ch 14 Preferred stock A has a $40 annual dividend, $1,000 par value, no maturity.
If comparable yields are 9 percent, what should be the price of preferred stock A? Round to the nearest whole dollar, no dollar signs
I thought I figured it out, but my answers were both wrong. Any help would be great! Thanks!
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