Current Attempt in Progress Durango Water Works has an outstanding issue of preferred stock that has a par (maturity value) of $75.00. The stock, which pays a quarterly dividend of $1.10, will be retired by the firm in 20 years. If the preferred stock is currently selling for $68.00, what is the preferred stock's yield-to-maturity? O 5.64% O 7.73% O 6.72% O 4.28% eTextbook and Media

Durango Water Works has an outstanding issue of preferred stock that has a par (maturity value) of $75.00, The stock, which pays a quarterly dividend of $1.10, will be retired by the firm in 20 years. If the preferred stock is currently selling for $68.00, what is the preferred stock's yield-to-maturity? 5.64% 7.73% 6,72% 4.28%