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System ID 27048 Q.1 A share of preferred stock for the Buford Pusser Baseball Bat Company just sold for $100 and carries annual dividend equal

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System ID 27048

Q.1 A share of preferred stock for the Buford Pusser Baseball Bat Company just sold for $100 and carries annual dividend equal to $ sum of last two digits of your system ID. Now assume that this stock has a call price of $110 in five years, when the company intends to call the issue. What is this preferred stocks yield to call? (Marks 07)

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