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What is the price of a preferred stock bought to yield 5% annually, if it pays level dividends of $40 semiannually, and the next dividend
What is the price of a preferred stock bought to yield 5% annually, if it pays
level dividends of $40 semiannually, and the next dividend is due in exactly
three months?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
