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Q7. Suppose a 6% $25 par value retractable preferred is purchased at $24.25 and is retractable at the holder's option at $25 in 2 years
Q7. Suppose a 6% $25 par value retractable preferred is purchased at $24.25 and is retractable at the holder's option at $25 in 2 years and 6 months' rime. What is the pre-tax yield on this retractable
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