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Wallace Container Company issued $ 1 0 0 par value preferred stock 1 0 years ago. The stock provided a 7 percent yield at the
Wallace Container Company issued $ par value preferred stock years ago. The stock provided a percent yield at the time of
issue. The preferred stock is now selling for $
What is the current yield or cost of the preferred stock? Disregard flotation costs.
Note: Do not round intermediate calculations. Input your answer as a percent rounded to decimal places.
Current yield
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