Question
Suppose a preferred stock with a $25 par value has a current price of $20 and pays an annual fixed dividend of $3. What is
Suppose a preferred stock with a $25 par value has a current price of $20 and pays an annual fixed dividend of $3. What is the required rate of return of this preferred stock?
A. 1.2%
B. 1.5%
C. 12%
D. 15%
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
