Value of the Preferred Stock Assignment | Homework For You
June 9th, 2020
(8 pts.) 1. Crowder Corporation has an issue of preferred stock, which has a par value of $80 per share with a dividend rate of 9 percent.

Required:
a) If the market rate for this preferred stock were now 12 percent, what would be the value of the preferred stock?
b) If the market rate for this preferred stock were now 8 percent, what would be the value of the preferred stock?
c) Explain why the prices are different. SOOD. Get Finance homework help today