Question: Altria has issued a new 6 . 5 % preferred stock with a $ 2 5 par value. The stock trades at a price of

Altria has issued a new 6.5% preferred stock with a $25 par value. The stock trades at a price of $22.45. What is the rate of return on this preferred stock? Put your answers in cells D8:D10.
Dividend
Price
Rate of return
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Altria has issued a new 6 . 5 % preferred stock

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