Question
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, stated dividend of 12% of par, and
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, stated dividend of 12% of par, and a current market price of (a)$55, (b) $86, (c) $147? round to two decimals
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-0176509736
