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If a preferred stock has a current yield of 3.00% and is selling at a price of $60, what is this stocks quarterly dividend? a.
If a preferred stock has a current yield of 3.00% and is selling at a price of $60, what is this stocks quarterly dividend?
a. .45 b. .90 c. $1.00 d. $1.80 e. none of the above
ABC has a preferred stock issue outstanding that has a quarterly dividend of $1.25 and a par
value of $100. What is the price of this stock if the required return is 6.00%?
a. 94.65
b. 86.24
c. 83.33
d. 81.79
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