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BabaBlast [244]
3 years ago
11

Maynard Inc. preferred stock pays an annual dividend of $7 per share. Which of the following statements is true for an investor

with a required return of 9%?A) The value of the preferred stock is $77.78 per share.B) The value of the preferred stock is $7 because the dividend is fixed at $7 each year .C) The value of the preferred stock is $63.00 per share.D) The value of the preferred stock is $6.30 per share because of the 9% required return.
Business
1 answer:
Feliz [49]3 years ago
7 0

Answer:

A. The value of the preferred stock is $77.78 per share

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QUESTION 25
Ipatiy [6.2K]

Answer:

160

Explanation:

Given: CPI basket contain 400 oranges and 800 pens.

          In the base year, price of oranges is $1 and pen is $0.75.

          This year urban customer buy oranges at $2 each and pens at $1 each.

To find consumer price index (CPI), we need to check price of basket in current year and base year.

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Now, adding the price to get cost of basket

Cost of basket in current year= 800+800= \$ 1600

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Next, calculating the CPI of this year

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CPI for the year = \frac{1600}{1000} \times 100 = 160

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