Dillon owns a $1,000 corporate bond. He receives semiannual payments of $35 for his bond. What is the bond's stated interest rate?
A. 3.5 percent
B. 5 percent
C. 7 percent
D. 8 percent
E. 10 percent
Answer: C
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A _____________________ allows preferred stockholders to share on a percentage basis in the distribution of an abnormally large dividend
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