If 700 Preferred Shares with a Benchmark Value of $35/share

question 59

Multiple Choice

If 700 preferred shares with a benchmark value of $35/share, a dividend rate of 5% and redeemable for $50/share, are sold for $45/share how much dividend may the preferred equity holders expect to receive?

• A)$525
• B)$1,225
• C)$1,575
• D)$1,750

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