Please, can you make the formula? Ezzell Corporation issued preferred shares with a declared dividend...
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Please, can you make the formula?
Ezzell Corporation issued preferred shares with a declared dividend of 10% at par. These types of securities today produce 8% and their par value is $ 100. Assume that dividends are paid annually. to. How much are the company's preferred shares worth? b. Suppose the level of interest rates reaches a point where they yield 12% at the present time. How much will your preferred shares be worth?efined
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