Preference Share: the Preference Share of Acme International Is Selling

question 14

Multiple Choice

Preference share: The preference share of Acme International is selling currently at $110.35. If your required rate of return is 9.75 percent, what is the dividend paid by this share?

• A) $9.75
• B) $11.32
• C) $10.76
• D) $8.53

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Definitions:

Vocational/Technical

Refers to education or training programs focused on equipping students with practical skills and knowledge for specific trades or careers.

Standardized Test Scores

Quantitative measure of performance that is derived from a standardized test, designed to assess specific knowledge or skills across different individuals under uniform conditions.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Ravens' Progressive Matrices

A nonverbal group test typically used to measure abstract reasoning and considered a test of general intelligence.