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:

Fraternal Twins

Twins that develop from two separate eggs fertilized by two different sperm cells, sharing genetic similarities equivalent to ordinary siblings.

Siblings

Individuals sharing one or both biological parents, often playing significant roles in each other's lives through family dynamics and developmental experiences.

Cousins

Relatives who share a common grandparent or some other direct ancestor, but are one generation removed from the direct sibling relationship.

Emotional Response

The feelings or emotions elicited by an event, object, or stimulus.