What is the stocks value, Ezzell Corporation issued

What is the stocks value

Reference no: EM13266317

Ezzell Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 10%, and its par value is $100.

a. What is the stocks value?

b. Suppose interest rates rise and pull the preferred stock's yield up to 15%. What would be its new market value? Round your answer to two decimal places.

Reference no: EM13266317

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What is the stocks value : Ezzell Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 10%, and its par value is $100.

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