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:

Sound Wave

A wave of compression and rarefaction, by which sound is propagated in an elastic medium such as air.

Loudness

The dimension of auditory experience related to the intensity of a pressure wave.

Feature Detector Cells

Neurons in the brain that specialize in detecting specific features of your environment, such as angles, edges, and movement.

Visual Cortex

The part of the cerebral cortex responsible for processing visual information.