Question
you own 1000 shares of cumulative convertible preferred stock with a par value of $100, and an $8 annual dividend. The shares are convertible into
you own 1000 shares of cumulative convertible preferred stock with a par value of $100, and an $8 annual dividend. The shares are convertible into 5,000 shares of the company's common stock ( 5 commons shares for each share preferred). if you pay $96 per share, what is you current yield?
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Fundamentals Of Strategy
Authors: Gerry Johnson, Kevan Scholes, Richard Whittington
2nd Edition
0273713108, 9780273713104
