Firm has an issue of preferred stock outstanding

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Reference no: EM131497510

A firm has an issue of preferred stock outstanding that has a par value of $100 and a 5% dividend. If the current market price of the preferred stock is $62.50, the yield on the preferred stock is?

a. 8.00%

b. 6.00%

c. 4.00%

d. None of the above

Reference no: EM131497510

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