Question
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 9% of par,
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 9% of par, and a current market price of (a) $62, (b) $78, (c) $112, and (d) $145? Round your answers to two decimal places.
a._______%
b._______%
c._______%
d._______%
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
