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Preferred stock valuation Earley Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 7%, and its par value s s100.

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Preferred stock valuation Earley Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 7%, and its par value s s100. What is the stock's value? suppose interest rates rise and pull the preferred stock's yield up to 11%. what is its new market value

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