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4. A $100 preferred stock pays an annual dividend of $4. Currently, the yield on comparable preferred stock is 6%. What should be the price
4. A $100 preferred stock pays an annual dividend of $4. Currently, the yield on comparable preferred stock is 6%. What should be the price of this stock? 5. A preferred stock with a maturity date of 10 years has the face value of $100 and an annual dividend of $3. a. What should be the price of this stock if the comparable yield was 4% ? b. What would be the price of this stock if the comparable yield was 6%
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