Computing "

K

"\ Thomas's Inc. issued the

6%

preferred stock at a price of

$105

last year, this preferred stock is currently priced at

$150.95

. If Michaels wishes to sell some new preferred stock at par, what rate should they assign to the new shares? The stock has a notional face value of

$100

.

Thomas's Inc. issued the 6% preferred stock at a price of $105 last year, this preferred stock is currently priced at $150.95. If Michaels wishes to sell some new preferred stock at par, what rate should they assign to the new shares? The stock has a notional face value of $100