NO.PZ2016021705000024
问题如下:
Morgan Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $1.75 dividend. If the company were to issue preferred stock today, the yield would be 6.5 percent. The stock's current value is:
选项:
A.$25.00.
B.$26.92.
C.$37.31.
解释:
B is correct.
The company can issue preferred stock at 6.5%.
老师这道题难道不是Equity Valuation的内容,考察GGM里永续年金的公式,为什么会放在这里?