LTM, Inc. has an issue of preferred stock whose par value is $100. The preferred stock pays a 4.5% dividend. If investors require a 4% rate of return for these shares, what price should the preferred stock sell for?
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- A preferred stock from Duquesne Light Company (DQU-PRA) pays $2.10 in annual dividends. If the required rate of return on the preferred stock is 5.4 percent, what is the fair present value of the stock? Please show the solution/ formula used for me so i'll be able to understand it clearly. Thank youA preferred stock pays a dividend of $5.8. If the required return is 12.3%, what is the value of the stock? Answer:A preferred stock from Hecla Mining Co. (HLPRB) pays $3.50 in annual dividends.If the required return on the preferred stock is 6.8 percent, what is the value of the stock? (Round your answer to 2 decimal places.) Please avoid solutions image based thnx
- 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)Analogue Technology has preferred stock outstanding that pays a $18.80 annual dividend. It has a price of $204. What is the required rate of return (yield) on the preferred stock? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)XYZ company has preferred stock that has an annual dividend of $5. If the current market price of a preference share is $30, What is the cost of preference share?
- XYZ, Inc. has preferred stock outstanding. This stock has a par value of $100 and a 5% dividend. What is the value of XYZ's preferred stock (to the nearest dollar) if the required rate of return is 7%? Your Answer:Kendra Corporation's preferred shares are trading for $27 in the market and pay a $4.10 annual dividend. Assume that the market's required yield is 14 percent. a. What is the stock's value to you, the investor? b. Should you purchase the stock?A preferred stock from DLC pays $3.00 in annual dividends. If the required return on the preferred stock is 9.3 percent, what is the value of the stock?
- (Related to Checkpoint 10.3) (Preferred stock valuation) Calculate the value of a preferred stock that pays a dividend of $5.00 per share when the market's required yield on similar shares is 9 percent. The value of the preferred stock is S per share. (Round to the nearest cent.)Tando Airlines has preferred stock outstanding that has a par value equal to $100. Preferred dividend payments equal 8 percent of the stock's par value. If Tando's preferred stock currently sells for $160,, what is the rate of return that preferred stockholders earn? What portion of this return is the dividend yield and what portion is the capital gains yield? (hint: think about the growth rate that is associated with preferred stock.)If a preferred stock from Ecology and Environment, Inc. (EEI) pays $8.50 in annual dividends, and the required return on the preferred stock is 6.40 percent, what's the value of the stock?