Question
Mills Corporation $100 face value fixed-rate preferred stock pays an annual dividend of $4.86 per share. What is the yield on this stock if today's
Mills Corporation $100 face value fixed-rate preferred stock pays an annual dividend of $4.86 per share. What is the yield on this stock if today's market price is $30.00?
Group of answer choices
16.20%.
Cannot be determined from the data given.
4.86%.
30.00%.
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
