Question
Avondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $1.00 and its current price
Avondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $1.00 and its current price is $107.
What is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
______%
What is its effective annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
______%
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
