A company has an outstanding issue of perpetual preferred stock with an annual dividend of $8.85 per share. If the required return on this preferred stock is 9.1%, then at what price should the stock sell? Round your answer to two decimal places.
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- A company has an outstanding issue of perpetual preferred stock with an annual dividend of $1.65 per share. If the required return on this preferred stock is 9.8%, then at what price should the stock sell? Round your answer to two decimal places.Hawkeye Inc. has an outstanding issue of preferred stock with an annual dividend of $1.21 per share. If the required rate of return on this preferred stock (rp) is 14.0%, at what price should the stock sell? Enter your answer with 2 decimals (dollars and cents)A common stock pays an annual dividend per share of $2.10. The market capitalization rate (required return on equity) is 11.5%. If the annual dividend is expected to remain at $2.10, what is the value of the stock? Round your answer to two decimal places.
- A preferred stock from Duquesne Light Company (DQUPRA) pays $2.50 in annual dividends. If the required return on the preferred stock is 5.40 percent, what's the value of the stock? (Round your answer to 2 decimal places.)A preferred stock from Hecla Mining Co. (HLPRB) pays $5.00 in annual dividends. If the required return on the preferred stock is 8.00 percent, what is the value of the stock? (Round your answer to 2 decimal places.)Stimpson Inc. preferred stock pays a $.50 annual dividend. What is the value of the stock if your required rate of return is .10? Instruction: Type your answer in dollars, and round to two decimal places
- Torch Industries can issue perpetual preferred stock at a price of $72.00 a share. The stock would pay a constant annual dividend of $7.00 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places. %Required: A common stock pays an annual dividend per share of $2.10. The risk-free rate is 7% and the risk premium for this stock is 4%. If the annual dividend is expected to remain at $2.10, what is the value of the stock? (Round your answer to 2 decimal places.) Stock valueA company’s perpetual preferred stock currently sells for $87.94 per share, and it pays a $7.24 annual dividend. What is the firm's cost of preferred stock? Express your answer as a percent rounded to two (2) decimal places.
- The preferred stock of Axim Corp. is currently selling at $51.07. If the required rate of return is 11.7 percent, what is the dividend paid by this stock? (Round answer to 2 decimal places, e.g. 15.25.) Dividend paid $ ________What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $55.00, (b) $77.00, (c) $108.00, and (d) $133.00? Round your answers to two decimal places.A stock is bought for $23.25 and sold for $28.69 a year later, immediately after it has paid a dividend of $4.18. What is the capital gain rate for this transaction? NOTE: Enter the PERCENTAGE number rounding to two decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign. A stock is bought for $29.45 and sold for $35.96 a year later, immediately after it has paid a dividend of $3.97. What is the dividend yield for this transaction? NOTE: Enter the PERCENTAGE number rounding to two decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign. You own a portfolio that has $3,764 invested in Stock A and $7,514 invested in Stock B. If the expected returns on these stocks are 9.33% and 11.67%, respectively, what is the expected return on the portfolio? NOTE: Enter the PERCENTAGE number rounding to two decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign.