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  3. 1 a. a share of preferred stock pays a quarterly d

1 a. A share of preferred stock pays a quarterly dividend of $2.50. The preferred...

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1 a. A share of preferred stock pays a quarterly dividend of $2.50. The preferred stock currently sells for $SO. What is its nominal yield? The Jones Company plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $30. If the required rate of return on this stock is currently 20%, what should be the stock's market value ib. avneed to Orow at a

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