Alcott's Preferred Stock Pays a Dividend of $1

question 63

Multiple Choice

Alcott's preferred stock pays a dividend of $1.00 per quarter.If the price of the stock is $45.00, what is its nominal (not effective) annual rate of return?

• A) 8.03%
• B) 8.24%
• C) 8.45%
• D) 8.67%
• E) 8.89%

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Definitions:

Operant Conditioning

A learning process in which behaviors are controlled by consequences, with rewards increasing the likelihood of a behavior and punishments decreasing it.

Reinforcement

In behavioral psychology, a process that increases the likelihood of a behavior being repeated by providing a consequence that is desirable for the individual.

Social Media

Online platforms that enable users to create and share content or participate in social networking.

Observational Learning

A learning process where individuals learn by watching the behaviors of others and the consequences of those behaviors.