A firm issues preferred stock with a dividend of $4.92. If the appropriate discount rate is 8.88% what is the value of the preferred stock?
The market price of a share of preferred stock is $23.41 and the dividend is $2.72. What discount rate did the market use to value the stock?
The market price of a share of preferred stock is $28.83. The market uses a discount rate of 6.73%. What is the dividend?