Business, 16.04.2020 21:58 SearchLight

Cute Camel Woodcraft Company pays an annual dividend rate of 8.20% on its preferred stock that currently returns 10.99% and has a par value of $100.00 per share. The preferred stock issue does not mature, and computes its annual dividend as the product of its dividend rate and its par value. What is the current market value of Cute Camel’s preferred stock?

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Cute Camel Woodcraft Company pays an annual dividend rate of 8.20% on its preferred stock that curre...

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