Home Grades Personalized Reviews Discussion Course Materials

Home Grades Personalized Reviews Discussion Course Materials inal Exam -Chapters 7-11,14,16 Back to Assignment Deadline Today at 09:00 PM me Remaining: 125 minutes Lucil Corporation issued perpetual preferred stock with a 9% annual dividend. The stock rumently yields ION, ind its par value is $100. What is the stockÄc??s value? 16. A. 80.00 O B. 100.00 C. 90.00 D. 85.00 Contince without saving Copyright Notices Terms of Use Privacy Notice Security Notice Accessibility

Solution

Preferred stock valuation = Annual dividend/ Yeild

= $9/.10= $90

Hence c is the answer