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Award: 20.00 points A preferred stock from Hecla Mining Co (HL PRB) pays S3 80 in annual dividends If the required rate af return on
Award: 20.00 points A preferred stock from Hecla Mining Co (HL PRB) pays S3 80 in annual dividends If the required rate af return on the preferred stock is 88 percent, what is the fair present value of the stock? (Round your answer to 2 decimal places. (e.g., 32.16)) O. Award: 20.00 points You have discovered that when the required rate of return on a band you awn fell by 0 5 percent from 93 percent to B percent, the fair present value rose fram $965 to $975 What is the duration of this hand? Assume annual payments. ((Do not round intermediate calculations. Round your answer to 2 decimal place. (e.g. 32.12))
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