James River - D(Dividend)= $3.38 P(Current Price)= $45.25...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
(Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The  preferred dividend is nongrowing. What is the required return on James River preferred stock?
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: D(Dividend)= $3.38 P(Current Price)= $45.25 Required Return= D/P= 0.07469 6 7.46 %...
View Full Document

Ask a homework question - tutors are online