A Share of Preferred Stock Currently Sells for $120

question 361

Multiple Choice

A share of preferred stock currently sells for $120. It offers the investor a dividend rate of 8%, on a par value of $100. If the investor owns 500 shares, her total annual dividend will equal:

• A) $800
• B) $8.00
• C) $2,000
• D) $4,000

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Definitions:

Medication

Substances used to diagnose, treat, cure, or prevent disease, primarily by pharmacological or therapeutic effects.

Community Mental Health Act

A 1963 law in the United States that aimed to provide federal funding for community mental health centers and research into mental illness.

Treated

Managed or addressed through medical care, therapy, medication, or other interventions to alleviate symptoms or cure the condition.

Community

Community refers to a group of people living in the same place or having a particular characteristic in common, often sharing similar values, interests, or cultures.