An issue of XYZ Corporation's preferred stock with a $50 par value promises an 8 percent annual dividend. What was the stock's current yield at time of issue if it is issued at par? Suppose the stock's market price rises to $60 per share. What is its current yield?

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The Answer of An issue of XYZ Corporation's preferred stock with a $50 par value promises an 8 percent annual dividend. What was the stock's current yield at time of issue if it is issued at par? Suppose the stock's market price rises to $60 per share. What is its current yield?

An Issue of XYZ Corporation's Preferred Stock with a $50