Multiple Choice
Carter's preferred stock pays a dividend of $1.00 per quarter.If the price of the stock is $57.50,what is its nominal (not effective) annual rate of return?
A) 7.03%
B) 8.56%
C) 6.75%
D) 5.84%
E) 6.96%
Correct Answer:
Verified
Correct Answer:
Verified
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