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Posted: **Wed Jul 06, 2022 6:41 pm**

: Simkins Renovations Inc Issued Perpetual Preferred Stock With A 4 Annual Dividend The Stock Currently Yields 18 And 1 (14.95 KiB) Viewed 48 times

: Simkins Renovations Inc Issued Perpetual Preferred Stock With A 4 Annual Dividend The Stock Currently Yields 18 And 2 (21.96 KiB) Viewed 48 times

Simkins Renovations Inc. issued perpetual preferred stock with a 4% annual dividend. The stock currently yields 18%, and its par value is $100. What is the preferred stock's value? $19.92 $25.00 $22.22

$19.92 O $25.00 $22.22 $18.83 O $20.05