Monday
May 25, 2015

Homework Help: finance

Posted by Anonymous on Monday, October 14, 2013 at 2:53pm.

The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 13.0 percent?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members