Marie Owns Shares of Deltona Productions Preferred Stock Which She

Multiple Choice

Marie owns shares of Deltona Productions preferred stock which she says provides her with a constant 14.3 percent rate of return.The stock is currently priced at $45.45 a share.What is the amount of the dividend per share?

A) $6.00
B) $6.25
C) $6.50
D) $6.60
E) $7.00