Boyer corp has outstanding borrowings one of these, Managerial Accounting

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Boyer corp has outstanding borrowings one of these

Boyer Corp. has outstanding borrowings. One of these borrowings is nonconvertible preferred stock (cumulative) with a par value of $75 and an annual dividend rate of 8.25%. This preferred stock is currently selling for $56.46 per share. What is the yield or return (r) on this preferred stock?

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Managerial Accounting: Boyer corp has outstanding borrowings one of these

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