A Preferred Stock Offers a Rate of Return of 5

question 83

Multiple Choice

A preferred stock offers a rate of return of 5.45 percent and sells for $78.20? What is the annual dividend amount?

• A)$4.26
• B)$4.09
• C)$3.53
• D)$4.50
• E)$3.87

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Definitions:

Totals Button

A feature in database and spreadsheet software that automatically calculates and displays the total for selected numeric fields in a dataset.

Records Group

A set of records categorized or grouped together based on specific criteria within a database management system.

Table Datasheet View

A data presentation style in database software that arranges information in a grid of rows and columns, akin to a spreadsheet layout.

Currency Field

A specialized field in databases or spreadsheets formatted to display and calculate financial data in the currency format.