A Share of Preferred Stock for Marshall Manufacturing Currently Sells

question 44

Multiple Choice

A share of preferred stock for Marshall Manufacturing currently sells for $120. It offers the investor a dividend rate of 8%, on a par value of $100. If the investor owns 500 shares, her total annual dividend will equal

• A) $800
• B) $8.00
• C) $2,000
• D) $4,000

---

Definitions:

Soil Oxygen

The amount of oxygen present in the soil, essential for the respiration of plant roots and soil organisms.

Global Food Production

The worldwide process of growing, processing, and distributing foodstuffs to meet the demand of populations across the globe.

Increased Yields

The result of agricultural practices that lead to a higher output of crops per area of cultivation.