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issue of $4.50 preferred stock outstanding. selling for $108. What is rate of return for investors?

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  • issue of $4.50 preferred stock outstanding. selling for $108. What is rate of return for investors?


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Answer #1 | 23/12 2013 04:46
Price = preferred dividend / r 108 = 4.50 / r 4.50 / 108 = r r = 0.04167, or 4.167%

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