Question
Netflix has the following preferred stocks outstanding: A - $50 annual dividend; $1,000 par value; no maturity B - $105 annual dividend; $1,000 par value;
Netflix has the following preferred stocks outstanding:
A - $50 annual dividend; $1,000 par value; no maturity B - $105 annual dividend; $1,000 par value; maturity after 25 years
If comparable yields are 8%, what should be the price of each preferred stock?
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Consumer Credit Fundamentals
Authors: S. Finlay
1st Edition
1403939780,0230502342
