Question
A company has issued 114,730.00 shares of preferred stock. The preferred shares have par value of $100.00 and pay a 4.61% dividend per year. The
A company has issued 114,730.00 shares of preferred stock. The preferred shares have par value of $100.00 and pay a 4.61% dividend per year. The shares are currently trading at $77.08 on the secondary market.
What is the required return that investors seek based on the current price?
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
