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P16.6 Select one of the preferred stocks listed in Table 16.1-assume the dividends qualify for the preferential tax rate. Using the resources at your campus

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P16.6 Select one of the preferred stocks listed in Table 16.1-assume the dividends qualify for the preferential tax rate. Using the resources at your campus or public library or on the Internet, determine the following. a. The stock's latest market price b. Its dividend yield c. Its fixed charge coverage d. Its book value per share e. Its stated par value Comment briefly on the issue's yield and the quality of its claim on income and assets

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