Question
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 10% of par,
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 10% of par, and a current market price of (a) $65.00, (b) $79.00, (c) $120.00, and (d) $148.00? Round your answers to two decimal places.
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Finance And Industrial Policy
Authors: Giovanni Cozzi, Susan Newman, Jan Toporowski
1st Edition
0198744501, 978-0198744504
