Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. unc bancorp has issued preferred stock with no mat

UNC Bancorp has issued preferred stock with no maturity date. It has a par value...

70.2K

Verified Solution

Question

Finance

UNC Bancorp has issued preferred stock with no maturity date. It has a par value of $100 and pays a quarterly dividend of $2.25. If the required rate of return is 8 percent, what is the value of the stock today? (Round answer to 2 decimal places, e.g. 52.75.)

Value of the stock

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which statement describes the graph of f x 4x3 28x2 32x 64 The graph touches...

Algebra
Q

Find une missing side length Assume that all intersecting sides meet at right angles Be...

Geometry
Q

At the end of last month, Ajax Inc. had the following balancesin its accounts:Cash...At...

Accounting
Q

An automotive manufacturer wants to know the proportion of new car buyers who prefer foreign cars...

Basic Math
Q

Most animals reproduce_____ and the _____ stage usually dominates the life cycle.asexually...haploidsexually...diploidsexually...haploidasexually...diploid

Biology
Q

Use the given data set to complete parts a through c below Use 0 05...

Statistics
Q

Partner A Use the equations above to determine the key features of the graph X...

Algebra
Q

Owl Co. buys 5,000 shares of their own common stock from their shareholders at $25...

Accounting
Q

Fulbright Corporation uses the periodic inventory system. During its first year of operations,...

Accounting
Q

Question 9 Not yet answered Marked out of 2 P Flag question | The following...

Accounting
Q

How much would each division need to generate in new operating income in the fourth...

Accounting
Q

Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events...

Accounting