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28 Sep 2019
Astronomical.com has a new issue of preferred stock it calls 15/15 preferred. The stock will pay a $15 dividend per year, but the first dividend will not be paid until 15 years from today. If you require an 11 percent return on this stock, how much should you pay today?
Astronomical.com has a new issue of preferred stock it calls 15/15 preferred. The stock will pay a $15 dividend per year, but the first dividend will not be paid until 15 years from today. If you require an 11 percent return on this stock, how much should you pay today?
Bunny GreenfelderLv2
28 Sep 2019