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24) Answer is E. $21.20 25) Answer is C. 5.9% Please show how to find these by hand without using Excel 24. A company just
24) Answer is E. $21.20
25) Answer is C. 5.9%
Please show how to find these by hand without using Excel
24. A company just became public and anticipates that they will begin paying a $5 preferred dividend 10 years from now and it will be constant forever. If the required rate is 10%, what is the value of this stock today? A. $17.56 B. $18.57 C. $19.28 D. $20.27 E. $21.20 25. What is the yield to maturity of a $1000 par value bond that pays an $75 annual coupon andhas 6 years to maturity if its current price is $1080? (There's rounding so pick the closest) A. 5.5% . 5.7% C. 5.9% D. 6.1% E. 6.3%Step by Step Solution
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