Question
For preferred shares, when the required rate of return is higher than the dividend rate, the par value is _________________ the current market value of
For preferred shares, when the required rate of return is higher than the dividend rate, the par value is _________________ the current market value of the preferred share.
Question 9 options:
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| a) | less than |
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| b) | independent of |
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| c) | higher than |
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| d) | equal to |
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The Repo Handbook
Authors: Moorad Choudhry
1st Edition
0750651628, 978-0750651622
