A firm has an issue of preferred stock outstanding that has a par value of $100 and a 4% dividend. if the current market price of the preferred stock is $50, the yield on the preferred stock

A firm has an issue of preferred stock outstanding that has a par value of​ $100 and a​ 4% dividend. if the current market price of the preferred stock is​ $50, the yield on the preferred stock is​ ________. g.com

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