Multiple Choice
A cumulative preferred stock with a $100 par value and 6% dividend is currently trading on the market at $110 per share.What is the amount of the dividend the holder is entitled to receive each year?
A) $66
B) 6% of the company's net profit
C) $6% of the total book value of preferred shares
D) $6
E) $0
Correct Answer:
Verified
Correct Answer:
Verified
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