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a,b,c all answered please Preferred stock valuation TXS Manufacturing has an outstanding proferred stock issue with a par value of S65 per shere. The preferred
a,b,c all answered please
Preferred stock valuation TXS Manufacturing has an outstanding proferred stock issue with a par value of S65 per shere. The preferred shares pay dividends annually at a rate of 10% a. What is the annual dividend on TXS preferred stock? b. It investors require a return of 83% on this stock and the next dividend is payablo one year from now, what is the price of TXS preferred stock? C. Suppose that TXS has not paid dividends on its preferred there in me past two years, but investors boleve that it will start paying dividends again in one year What is the value of TXS preferred Stock if it is cumulative and it investors require an 8% rate of return? a. The annual dividend on TXS preferred stockis Round to the noast Cont) Step by Step Solution
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