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Ten years ago, Stigler Company issued $100 par value preferred stock yielding 8 percent. The preferred stock is now selling for $97 per share. What
Ten years ago, Stigler Company issued $100 par value preferred stock yielding 8 percent. The preferred stock is now selling for $97 per share. What is the current yield or cost of the preferred stock? (Disregard flotation costs.) 7.76%. 8%. 8.25%. There is not enough information to answer the
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