Multiple Choice
Value of a Preferred Stock If a preferred stock from Ecology and Environment,Inc.(EEI) pays $2.50 in annual dividends,and the required return on the preferred stock is 5.8 percent,what's the value of the stock?
A) $0.15
B) $0.43
C) $14.50
D) $43.10
Correct Answer:
Verified
Correct Answer:
Verified
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