7. Problem 9.08 (Preferred Stock Valuation) atlook Earley Corporation issued perpetual preferred stock with an...
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7. Problem 9.08 (Preferred Stock Valuation) atlook Earley Corporation issued perpetual preferred stock with an ev annual dividend. The stock currently yields 8%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? 5. Suppose interest rates rite and put the preferred stock's yield up to 119 What is its new market vatue
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