Question
You are considering buying a floating preferred share slated to pay an annual dividend of $2.50 one year from now. The preferreds dividends will reset
You are considering buying a floating preferred share slated to pay an annual dividend of $2.50 one year from now. The preferreds dividends will reset to LIBOR + 2.3%, and the current LIBOR rate is .7%. If the shares have a par value of $25, what price should you expect to pay today?
Can the preset value function in Excel be demonstrated?
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Building The High Performance Finance Function
Authors: André De Waal , Eelco Bilstra ,Jacques Bootsman
1st Edition
1799869296,1799869326
