An 8% Preferred Stock Closed Yesterday at a Price of $91.32

question 249

Multiple Choice

An 8% preferred stock closed yesterday at a price of $91.32. The stock closed today at par. What is the current dividend yield?

• A) 7.31%
• B) 7.50%
• C) 8.00%
• D) 8.76%
• E) 8.80%

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