A Share of Preferred Stock for Marshall Manufacturing Currently Sells

question 44

Multiple Choice

A share of preferred stock for Marshall Manufacturing 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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