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XYZ Preferred currently sells for $19 and is yielding 7%. It was originally issued at a par value of $25 per share. What was the
XYZ Preferred currently sells for $19 and is yielding 7%. It was originally issued at a par value of $25 per share. What was the original dividend yield at the date of issuance? Show mathematical setup with formula and how you would enter this into your financial calculator.
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