A Preferred Stock Sells for $63

question 95

Multiple Choice

A preferred stock sells for $63.60 a share and provides a return of 8.40 percent. What is the amount of the dividend per share?

• A) $5.45
• B) $5.25
• C) $5.34
• D) $5.43
• E) $5.28

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Definitions:

Prejudiced Employer

An employer who harbors preconceived opinions or judgments about certain groups of people, which may unfairly influence hiring or workplace practices.

African Americans

A demographic group in the United States consisting of individuals with partial or total ancestry from any of the black racial groups of Africa.

Distributing Income

The process by which income is allocated among various economic agents, such as individuals, businesses, and government sectors.

Utility

In the field of economics, utility is defined as the comprehensive satisfaction gained from the consumption of a product or service.