Bedford mattress co issued preferred stock many years ago, Ask an Expert

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Bedford Mattress Co. issued preferred stock many years ago. It carries a fixed dividend of $12 per share. With the passage of time, yields have gone down from the original 11% to 10% (yield is the same as the required rate of return)

a. What was the original issue price?

b. What is the current value of this preferred stock?

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Category:- Basic Finance
Reference No.:- M9861556

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