Value of a Preferred Stock If a Preferred Stock from Pfizer

question 89

Multiple Choice

Value of a Preferred Stock If a preferred stock from Pfizer Inc.(PFE) pays $3.00 in annual dividends,and the required return on the preferred stock is 7 percent,what's the value of the stock?

• A)$0.21
• B)$0.43
• C)$21.00
• D)$42.86

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Definitions:

Constructivist

Pertaining to the theory that learners construct knowledge through their experiences and interactions with the world.

Remedial

Designed to correct or improve one's skill in a specific subject; educational measures for helping individuals who are falling behind.

Back-To-The-Basics

An educational or philosophical approach that emphasizes traditional teaching methods and fundamental concepts.

Accountability

The responsibility and obligation to account for one's actions and accept the consequences of them.