denisxyz
Oct 29, 2008, 08:36 AM
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 8 percent of par, and a current market price of
(a) $60
(b) $80
(c) $100
(d) $140
(a) $60
(b) $80
(c) $100
(d) $140