Business, 31.03.2020 01:58 gissellebramwell

Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 and an annual dividend rate of 4.25%. The preferred stock is currently selling for $18.75 per share. What is the annual yield or return (r) on this preferred stock? 4.26% 4.53% 4.11% 4.87%

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Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 an...

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