Posted: September 21st, 2016
Hanebury Manufacturing Company has preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $1.25 and has a current price of $71.43. What is the nominal rate of return on the preferred stock?
Hanebury Manufacturing Company has preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $1.25 and has a current price of $71.43. What is the nominal rate of return on the preferred stock?
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