info@avatto.com
+91-9920808017
0. MTI issued a noncallable, nonconvertible, fixed rate perpetual preferred stock five years ago. The stock was issued at $15 per share with a $1.25 dividend. If the company were to issue preferred stock today, the yield would be 8.75 percent. The stock’s current value is closest to:
$13.26.
$15.00.
$14.29.
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