Question
Ayden, Inc., has an issue of preferred stock outstanding that pays a dividend of $6.35 every year, in perpetuity. This issue currently sells for $92
| Ayden, Inc., has an issue of preferred stock outstanding that pays a dividend of $6.35 every year, in perpetuity. This issue currently sells for $92 per share. |
| What is the required return?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.) |
| Required return | % |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
