Question
A company has issued preferred stock with an annual dividend of $2.28 that will be paid in perpetuity. The current price of the stock is
A company has issued preferred stock with an annual dividend of $2.28 that will be paid in perpetuity. The current price of the stock is $43.52. What is the expected rate of return on the preferred stock? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below rounded to 2 DECIMAL PLACES.
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Marketplace Lending Financial Analysis And The Future Of Credit Integration Profitability And Risk Management
Authors: Ioannis Akkizidis, Manuel Stagars
1st Edition
1119099161, 978-1119099161
