The 8 percent preferred stock of company b currently sells

Reference no: EM131023513

The 8 percent preferred stock of Company B currently sells for for $62 a share. What is the nominal yearly rate of return on this stock if the par value is $100 per share?

9.92 percent

4.96 percent

11.03 percent

12.90 percent

Reference no: EM131023513

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