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7. Problem 9.09 (preferred stock returns) Avondale aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend
7. Problem 9.09 (preferred stock returns) Avondale aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of two dollars and its current price is $89. a. what is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places. ? % b. what is its effective annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places. ? %
Avondale aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of two dollars and its current price is $89.
a. what is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
? %
b. what is its effective annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
? %
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Authors: Jocelyn Pixley
2nd Edition
1107633370, 978-1107633377
