Carter's Preferred Stock Pays a Dividend of $1

question 81

Multiple Choice

Carter's preferred stock pays a dividend of $1.00 per quarter.If the price of the stock is $45.00,what is its nominal (not effective) annual rate of return?

• A)8.03%
• B)8.24%
• C)8.45%
• D)8.67%
• E)8.89%

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Definitions:

Insanity Defense

A legal defense used in court to argue that the defendant was unable to understand the nature of their actions or distinguish right from wrong due to mental illness at the time of the crime.

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A procedure or set of criteria applied by courts to help resolve questions of law.