What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?
A. $3.33
B. $3.60
C. $4.00
D. $5.00
Answer:C
What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?
A. $3.33 B. $3.60 C. $4.00 D. $5.00