A share of perpetual preferred stock pays an annual dividend of $6 per share. If investors require a 12 percent rate of return, what should be the price of this preferred stock??
A. $57.25?
B. ?$50.00
C. ?$62.38
D. ?$46.75
E. ?$41.64
Answer: B
You might also like to view...
Jominy, the leader of a student organization, realizes that the organization has overspent during the past fiscal year. She decides to bring the organization together to examine spending, propose several ideas to get out of the red, and choose one of them for the following year. This is an example of what type of group talk?
a. problem-solving talk b. consciousness-raising talk c. decision-making talk d. encounter talk
Public agencies are never authorized to:
a. arrest b. imprison c. detain d. all of the above e. none of the above
What does a “persona” of a target customer not contain?
a. The customer’s demographic information, either consumer or business related b. The design of your own product or service for the customer c. The customer’s core needs, values, and beliefs d. The customer’s purchase preferences
The level of monitoring, follow-up, and control varies by problem. Please briefly describe the three levels of monitoring covered in the chapter: close monitoring, regular monitoring, and occasional monitoring.
What will be an ideal response?