Green Corp.'s preferred stock is selling for $20.83. If the company pays $2.50 annual dividends, what is the expected rate of return on its stock?
A) 8.33%
B) 12.00%
C) 2.50%
D) 20.00%
Answer: B
You might also like to view...
Why has work ethic declined over the years?
What will be an ideal response?
Under international auditing standards, when the audit client has engaged other audit firms to audit remote locations around the country, the principal auditor must mention the other audit firms in the audit report
a. True b. False Indicate whether the statement is true or false
Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a ________.
A) debit to Cash for $1,150,000 B) credit to Bonds Payable for $1,092,500 C) credit to Discount on Bonds Payable for $57,500 D) debit to Cash for $1,092,500
Which of the following is a trend that depicts the increasingly nontraditional nature of today's American families?
A) the low percentage of working women in the workforce B) the low percentage of married couples with children C) the sharply declining number of dual-income families D) the sharply declining number of stay-at-home dads E) the decreasing reliance on convenience foods and services