Monday 11 June 2012

What is the value of a preferred stock that pays a $2.10 dividend

What is the value of a preferred stock that pays a $2.10 dividend annually to an investor with a required rate of return of 11%? (round your answer to the nearest $1) 
a. $17 
b. $19 
c. $21 
d. $23

No comments:

Post a Comment

Note: only a member of this blog may post a comment.