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Harley Corporation issued perpetunt preferred stock with a 12% annun dividend. The stock currently vields, and its par value is $100. Round your answers to
Harley Corporation issued perpetunt preferred stock with a 12% annun dividend. The stock currently vields, and its par value is $100. Round your answers to the nearest cnnt. a. What is the stock' value? 5 h. Suppose interest rates rise and pull the preferred stock's yield up to 11%. What is its new market value? 5
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