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please be accurate and I will like and support Earley Corporation issued perpetual preferred stock with an 11% annual dividend. The stock currently yields 10%,
please be accurate and I will like and support
Earley Corporation issued perpetual preferred stock with an 11% annual dividend. The stock currently yields 10%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock value? b. Suppose interest rates rise and pull the preferred stock's yield up to 12%. What is its new market value Step by Step Solution
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