Homework Questions? Ask a Tutor for Answers ASAP
I am almost done with everything but I notice that I don't have any idea bout this problem:
What should be the price of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different? MN Inc., $8 preferred (100 par) CH Inc., $8 preferred (100 par) with mandatory retirement after 20 years
I hope you could provide me with formula.
Thank you so much! :)
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I have this formula. What I am actually looking for iare the ones when preferred has mandatory retirement and the one with not.