You Want to Earn a 12% Rate of Return

question 274

Multiple Choice

You want to earn a 12% rate of return. Panco, Inc. preferred stock pays a $4.50 annual dividend. What is the maximum price you are willing to pay for one share of this stock?

• A) $32.50
• B) $37.50
• C) $39.00
• D) $40.50
• E) $45.00

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Definitions:

Detailed and Accurate Message

Communication that is precise and correct in all its aspects, ensuring the recipient receives all necessary information without errors.

Nature of the Call

The specific reason or purpose for a communication or request for service.

THINK Technique

An acronym that stands for True, Helpful, Inspiring, Necessary, Kind - a strategy used to teach effective communication and thoughtful interaction.

Helpful

Providing assistance or benefit to someone or something; being useful and supportive.