A Share of 5% Preferred Stock Has a Par Value

question 56

Multiple Choice

A share of 5% preferred stock has a par value of $50 and market value of $80. The owners of the preferred stock will receive a dividend of: (Round your answer to the nearest cent.)

• A)$2.50 per share.
• B)$30 per share.
• C)$4.00 per share.
• D)$50.00 per share.

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Definitions:

Somniloquy

The act of talking during sleep, commonly referred to as sleep talking.

Somnambulism

A sleep disorder causing people to walk or perform other complex behaviors while asleep.

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A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, which can lead to health problems.