Tri State Pickle Company preferred stock pays a perpetual annual dividend of 2 1/2% of its par value. Par value of TSP preferred stock is $100 per share. If investors' required rate of return on this stock is 15%, what is the value of per share?
A) $37.50
B) $15.00
C) $16.67
D) $6.00
Answer: C
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Quibble Company's liabilities exceed its assets. Quibble hires Roo & Slay, an accounting firm, to prepare a balance sheet. Through Roo & Slay's negligent omissions, the sheet shows a net worth. Town Bank relies on the balance sheet to make a loan to Quibble. When Quibble defaults, Town files a suit against Roo & Slay. Under the Restatement rule, Roo & Slay is most likely
A. liable because Roo & Slay owed a duty of care to Quibble. B. liable because Roo & Slay owed a duty to any foreseeable user. C. liable if Roo & Slay knew that Town would rely on the balance sheet. D. not liable because Roo & Slay and Town were not in privity.
Landlords control the hours of operation for common areas
Indicate whether the statement is true or false
________ of workers feel confident they will have enough money to live comfortably in retirement, only ________ have actually tried to calculate how much they will need when in retirement
A) 50 percent; 33 percent B) 70 percent; 43 percent C) 85 percent; 53 percent D) 90 percent; 73 percent
Which of the following statements is not a barrier to communication?
a. Knowing your purpose. b. Differing interpretations. c. Using familiar words. d. Missing the meaning.