What is current yield or cost of the preferred stock

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Reference no: EM131302590

Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 7 percent yield at the time of issue. The preferred stock is now selling for $80.

What is the current yield or cost of the preferred stock? (Disregard flotation costs.)

Reference no: EM131302590

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What is current yield or cost of the preferred stock : Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 7 percent yield at the time of issue. The preferred stock is now selling for $80. What is the current yield or cost of the preferred stock?

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