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Assume that the preferred stock currently is selling at $248 per share. Does this provide a higher or lower dividend yield than an 8 percent,
Assume that the preferred stock currently is selling at $248 per share. Does this provide a higher or lower dividend yield than an 8 percent, $50 par value preferred with a market price of $57 per share? Show computations (round to the nearest tenth of 1 percent). Explain why one preferred stock might yield less than another
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