In 2009, Swisten Inc

question 8

Multiple Choice

In 2009, Swisten Inc. issued a $150 par value preferred stock that pays an 8% annual dividend. Due to changes in the overall economy and in the company's financial condition investors are now requiring an 15% return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now?

• A) $80
• B) $75
• C) $59
• D) $95
• E) $110

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University of Saskatchewan

A public research university located in Saskatoon, Saskatchewan, Canada, known for its contributions to research and education.