Question
PPT Inc. issued perpetual preferred stocks with an 6% annual dividend. The stock currently yields 8.2% and its par value is $100 a) What is
PPT Inc. issued perpetual preferred stocks with an 6% annual dividend. The stock currently yields 8.2% and its par value is $100
a) What is the stock value?
b) If the preferred stocks yield goes down to 6.9%. What is the new market value?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
