Finance question
niclet52. What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different?
a. MN Inc., $8 preferred ($100par)
b. CH inc., $8 preferred ($100 par) with mandatory retirement after 20 years.
3. Repeat the previous problem (number 2) but assume that comparable yields are 10 percent.
- 9 years ago
- 5
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