Question
Please reply me fast answer. QUESTION 10 Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 12% of its $80
Please reply me fast answer.
QUESTION 10
Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 12% of its $80 par value. Preferred stock of this type currently yields 15%. Assume dividends are paid annually.What is the estimated value of Rolen's preferred stock?
- $75
- $80
- $125
- $90
- $64
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
