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Black_prince [1.1K]
3 years ago
13

The preferred stock of Marble Comics pays annual dividends of ​$2 in perpetuity​ (starting in one​ year). If you buy a preferred

share for ​$22.39 and hold it in​ perpetuity, then what is your annual rate of​ return? Express your answer as a percentage rounded to 2 places. i.e. ​12.3456%equals​12.35%.
Business
1 answer:
katrin [286]3 years ago
3 0

Answer:

Annual rate of return =  08.94%

Explanation:

given data

annual Dividend = $2

Price per share of the preferred stock   = $22.39

solution

Annual rate of return from the preferred stock that is express as

Annual rate of return = annual Dividend ÷ Price per share of the preferred stock    ............1

put here value and we get

Annual rate of return = \frac{2}{22.39}        

Annual rate of return = 0.0894

Annual rate of return =  08.94%

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Sheela Dairy Corporation buys unprocessed cows' milk from local farmers. At the dairy, this unprocessed milk is broken down into
Dafna11 [192]

Answer:

The answer is D) None of these statement is relevant in the decision to further process the cream into butter.

Explanation:

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Option B) the cost of breaking down the unprocessed milk into cream and low-fat milk: this cost was already accounted for since the processing into cream and low fat milk is completed.

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3 years ago
Does fat and soap have the same density?and why?
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Answer:

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Explanation:

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Jennifer's income is too high to qualify for the credit on Form 8880, Credit for Qualified Retirement Savings Contributions.A. T
a_sh-v [17]

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given statement is true

Explanation:

solution

the given statement is true because  

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and IRS offers a tax credit for contributions to them for claim the retirement savings credit

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3 years ago
you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years, and $6.00 in 3 years. You expect to sell the stock for $100 i
Rus_ich [418]

Answer:

$81.52

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