Lindell, Inc

question 3

Multiple Choice

Lindell, Inc. has 8%, $100 par value preference shares outstanding. To earn 12% on an investment in this share, you need to purchase the shares at a per share price of

• A) $66.67.
• B) $150.00.
• C) $9.60.
• D) $96.00.

---

Definitions:

Trespass

An unauthorized intrusion or entering onto someone else's property which infringes on the right of the owner.

Tort

A civil wrong that causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortious act.

Tortfeasor

One who commits a tort.

Tort

A civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the act.