Multiple Choice
Jim owns shares of Abco, Inc. preferred stock which he says provides him with a constant 6.58% rate of return. The stock is currently priced at $45.60 a share. What is the amount of the dividend per share?
A) $3.00
B) $3.15
C) $3.50
D) $3.54
E) $3.62
Correct Answer:
Verified
Correct Answer:
Verified
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