Business, 02.07.2020 17:01, mark177

Cute Camel Woodcraft Company pays an annual dividend rate of 11.00% on its preferred stock that currently returns 14.74% and has a par value of $100.00 per share. The preferred stock issue does not mature, and computes its annual dividend as the product of its dividend rate and its par value. What is the current market value of Cute Camel’s preferred stock?

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Cute Camel Woodcraft Company pays an annual dividend rate of 11.00% on its preferred stock that curr...