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Question 5 – Please help me…I have to show my work 1 answer below » 5. The Friend Corporation issued $100 par value preferred stock 10 years ago. The stock provided an 8% yield at the time of issue. The preferred stock is now
selling for $75. What is theh current ield of cost of preferred stock? (Disregard floatation costs). Jan 10 2014 08:23 PM