Question
What is the nominal rate of return on a preferred stock with a $75 par value, a stated dividend rate of 6% of par, and
What is the nominal rate of return on a preferred stock with a $75 par value, a stated dividend rate of 6% of par, and a current market price of (a) $45, (b) $65; (c) $80, and (d) $100? Round your answers to 2 decimal places, XX.XX%. show your work please.
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
