An 8% Preferred Stock Closed Yesterday at a Price of $91.32

question 249

Multiple Choice

An 8% preferred stock closed yesterday at a price of $91.32. The stock closed today at par. What is the current dividend yield?

• A) 7.31%
• B) 7.50%
• C) 8.00%
• D) 8.76%
• E) 8.80%

---

Definitions:

Low-context Cultures

Cultures in which communication is explicit, and meaning is expressed directly through words.

Direct Approaches

Tactics or methods that deal with problems or situations in a straightforward and clear manner.

Indirectness

The quality of not addressing an issue or matter in a straightforward or direct way, often used to soften communication or avoid confrontation.

Gestures

Physical movements of the body, especially the hands and arms, that convey ideas or emotions non-verbally.