Value of a Preferred Stock If a Preferred Stock from Ecology

question 76

Multiple Choice

Value of a Preferred Stock If a preferred stock from Ecology and Environment,Inc.(EEI) pays $2.50 in annual dividends,and the required return on the preferred stock is 5.8 percent,what's the value of the stock?

• A)$0.15
• B)$0.43
• C)$14.50
• D)$43.10