Annual dividend of 9 of its 100 par value preferred stock
Annual dividend of 9% of its $100 par value. Preferred stock of this type yield at 6%. Assume dividends are paid annually. What is the value of preferred stock and interest rates levels increase to 12%. What the new preferred stock?
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annual dividend of 9 of its 100 par value preferred stock of this type yield at 6 assume dividends are paid annually
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