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NiSource Preferred B (NYSE: NI-B) is a fixed-rate perpetual preferred stock paying a $3.88 annual dividend. If the required rate of return is 7.88
NiSource Preferred B (NYSE: NI-B) is a fixed-rate perpetual preferred stock paying a $3.88 annual dividend. If the required rate of return is 7.88 percent, what is the value of one share? If the price of this preferred stock were $46.00, what would be the yield?
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A The value of one share is calculated using the present value formula The present value of ...
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Fundamentals of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
3rd edition
1118845897, 978-1118845899
