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X‐Tech issued preferred shares many years ago. They carry a fixed dividend of $6 per share. With the passage of time, yields have soared from the original 13 percent to 19 percent (yield is the same as required rate of return).
X-Tech Company issued preferred stock many years ago. It carries a foed dividend of $6 per share. With the passage of time, yields have soared from the original 8 percent to 13 percent yield is the same as required rate of retum) a. What was the original issue price? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Original issue price b. What is the current value of this preferred stock? (Do not round intermediate calculations. Round...
X-Tech Company issued preferred stock many years ago. It carries a fixed dividend of $14 per share. With the passage of time, yields have soared from the original 10 percent to 17 percent (yield is the same as required rate of return). a. What was the original issue price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What is the current value of this preferred stock? (Do not round intermediate calculations. Round your answer to...
10) Southside Flights issued preferred stock many years ago. It carries a fixed dividend of $10 per share. The original yield to maturity was 4% but yields have soared and they are now at 13%. a. What was the original issue price? 1/49 =250 b. What is the current value of the preferred stock? /13%- b9 c. If the yield were to decline how will that impact the price of the preferred stock?
A7X Corp. Just paid a dividend of $1.35 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a growth rate of 6 percent indefinitely. If the required return is 12 percent, what is the price of the stock today? Multiple Choice $118.74 $121.11 $91.20 $116.36 $3.38