The Sentinel Corporation Has an Issue of Preferred Stock That

question 58

Multiple Choice

The Sentinel Corporation has an issue of preferred stock that pays a dividend of $5.00 a share. If the appropriate cost of capital is 12%, what would you expect the market price of this stock
To be? Round you answer to the nearest cent.

• A)$22.41
• B)$41.67
• C)$60.00
• D)$24.00

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Definitions:

Interpersonal Relations

The way in which individuals interact, communicate, and build relationships with each other.

Human Interaction

The communication and actions between two or more human beings.

Warm Relationships

Close and affectionate interpersonal connections characterized by kindness, care, and mutual respect.

Saint Augustine

A Christian theologian and philosopher from the 4th and 5th centuries known for his influential works on theology, ethics, and philosophy.