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Yankee Athletic Club has preferred stock with a par value of $ 6 0 and an annual 6 % cumulative dividend. Given the following prices
Yankee Athletic Club has preferred stock with a par value of $ and an annual cumulative dividend. Given the following prices for the preferred stock, what is each investor seeking for his or her return?
a Alex is willing to pay $
b Derek is willing to pay $
c Marcia is willing to pay $
d Johnny is willing to pay $
a If Alex is willing to pay $ for the preferred stock, what rate of return is he seeking?
Round to two decimal places
b If Derek is willing to pay $ for the preferred stock, what rate of return is he seeking?
Round to two decimal places
c If Marcia is willing to pay $ for the preferred stock, what rate of return is she seeking?
Round to two decimal places
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