TTK Corp. preferred stock pays a $10 annual dividend per share. (3.1) What is the...
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TTK Corp. preferred stock pays a $10 annual dividend per share.
(3.1) What is the price of a share of TTK preferred if similar-risk preferred yields 8%?
(3.2) What is the price of comparable preferred yields 11%?
The current years dividend (D0) for a share of common stock is $2 and the current price (P0) of the stock is $30. Dividends are expected to grow at 5% forever.
(4.1) What is the rate of return for this stock?
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