Preferred stock valuation txs manufacturing has an outstanding preferred stock issue with a par value of $6363 per share. the preferred shares pay dividends annually at a rate of %. a. what is the annual dividend on txs preferred stock? b. if investors require a return of 55% on this stock and the next dividend is payable one year from now, what is the price of txs preferred stock? c. suppose that txs has not paid dividends on its preferred shares in the past two years, but investors believe that it will start paying dividends again in one year. what is the value of txs preferred stock if it is cumulative and if investors require a(n) 55% rate of return?

According to this excerpt, a key part of our national security strategy is

Rats that received electric shocks were unlikely to develop ulcers if the

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?