Business, 06.11.2020 17:10, milak23

Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 and an annual dividend rate of 4.25%. The preferred stock is currently selling for $18.75 per share. What is the annual yield or return (r) on this preferred stock

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Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 an...