November 28, 2015

Homework Help: Corporate Finance

Posted by Christie on Sunday, April 4, 2010 at 6:22pm.

Taylor Inc. has preferred perpetual stock outstanding that has a par value of $100 per share and a dividend yield of 9.4% of stated value. If the appropriate interest rate for Taylorís preferred stock is 8.3%, how much is each share of preferred stock worth?

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