Multiple Choice
Webster preferred stock pays an annual dividend of $6.20 a share.What is the maximum price you should pay today to purchase this stock if you desire a rate of return of 14.25 percent?
A) $40.12
B) $43.51
C) $46.50
D) $51.88
E) $55.02
Correct Answer:
Verified
Correct Answer:
Verified
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