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Earley Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 7%, and its par value is $100. Round your answers
Earley Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 7%, and its par value is $100. Round your answers to the nearest cent.
- What is the stock's value? $
- Suppose interest rates rise and pull the preferred stock's yield up to 12%. What is its new market value? $
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Short Term Rental Long Term Wealth
Authors: Avery Carl
1st Edition
1947200445, 978-1947200449
