If the current market price of the preferred stock is 6250
A firm has an issue of preferred stock outstanding that has a par value of $100 and a 5% dividend. If the current market price of the preferred stock is $62.50, the yield on the preferred stock is?
a. 8.00%
b. 6.00%
c. 4.00%
d. None of the above
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a firm has an issue of preferred stock outstanding that has a par value of 100 and a 5 dividend if the current market
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