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> A preferred stock paying a 9.9% dividend on a $139 par value. The cost of the preferred stock is _%. Please!?
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A preferred stock paying a 9.9% dividend on a $139 par value. The cost of the preferred stock is _%. Please!?
A preferred stock paying a 9.9% dividend on a $139 par value. The cost of the preferred stock is _%. Please!?
Posted at：
2014-12-05
I need the break down of how to determine the answer also.
The cost of that preferred stock is a $ amount and not a percentage. Furthermore, we need the market yield to compute it price.
I need the break down of how to determine the answer also.
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