Carter's Preferred Stock Pays a Dividend of $1

question 81

Multiple Choice

Carter'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:

Cementum

A specialized calcified substance covering the root of a tooth.

Crown

The part of a tooth that is visible above the gum line, or the top portion of a dental implant that replaces the natural tooth.

Mesenteries

Folds of peritoneum that attach the intestines to the posterior abdominal wall, providing support and housing blood vessels, nerves, and lymphatic vessels.

Serosal Lining

A smooth membrane consisting of a layer of cells which secrete serous fluid, covering internal organs and cavities.