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A firm has an issue of preferred stock outstanding that has a par value of $100 and a 4% dividend. If the current market price
A firm has an issue of preferred stock outstanding that has a par value of $100 and a 4%
dividend. If the current market price of the preferred stock is $50, the yield on the preferred
stock is______.
4 Points
- 4.00%
- 8.00%
- 6.00%
- none of the above
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
