A Share Of Preferred Stock For The Buford Pusser Baseball Bat Company Just Sold For 3910470

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A share of preferred stock for the Buford Pusser Baseball Bat Company just sold for $100 and carries an $8 annual dividend.

a. What is the yield on this stock?

b. Now assume that this stock has a call price of $110 in five years, when the company intends to call the issue. What is this preferred stock’s yield to call?