13)Kin Corp. has preferred stock that was issued 3 years ago. It currently sells for $33.50 and pays a dividend of 2.14 per share. What is the rate of return on the preferred stock? Group of answer choices 6.4% 19.2% 7.80% 4.70%
13)Kin Corp. has preferred stock that was issued 3 years ago. It currently sells for $33.50 and pays a dividend of 2.14 per share. What is the rate of return on the preferred stock? Group of answer choices 6.4% 19.2% 7.80% 4.70%
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 21MC
Related questions
Question
13)Kin Corp. has
Group of answer choices
6.4%
19.2%
7.80%
4.70%
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