Multiple Choice
Suppose a preferred share pays perpetual quarterly dividends of $0.25 and has a per annum dividend yield of 6 percent.What is the fair value of this preferred share?
A) $14.67
B) $15.33
C) $16.00
D) $16.67
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: To increase the present value of a
Q6: Preferred stock share prices tend to act
Q7: Which of the following could be considered
Q8: Your new employer makes you an unusual
Q9: You plan to purchase a new car
Q11: Another name for the lump sum cash
Q12: Zero coupon bonds pay no intermediate cash
Q13: You own a contract that promises an
Q14: Which of the following is NOT an
Q15: Which of the following is a type