A Share of Preferred Stock Currently Sells for $120

question 145

True/False

A share of preferred stock currently sells for $120. It offers the investor a dividend rate of 8%, with a par value of $100. If the company is able to pay dividends, preferred stockholders would receive a dividend of $9.60 per share.

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Definitions:

Divulge

To reveal or make known something that was previously private, secret, or hidden.

Binary Differences

The distinctions or comparisons made between two options, categories, or phenomena, often presenting them as opposites.

Equal Elements

Components of a system or set that are given the same value, importance, or treatment within a particular context.

Lesbian Employees

Employees who identify as lesbian, a term used to describe women attracted to other women.