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2 August, 14:26

What is the yield to maturity (YTM) on a share of Six Flags B $1.81 preferred stock if an investor buys the stock at the following market prices? Assume dividends are paid annually.

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  1. 2 August, 14:32
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    Answer is given below.

    Explanation:

    Preferred stock yield = dividend / stock price

    a) dividend = $1.81, stock price = $30

    Preferred stock yield = $1.81/$30 = 6.033%

    b) dividend = $1.81, stock price = $25

    Preferred stock yield = $1.81/$25=7.24 %
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