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tigry1 [53]
3 years ago
7

Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $2.30 per share. If the required

return on this preferred stock is 6.5%, at what price should the preferred stock sell?
Mathematics
1 answer:
nikitadnepr [17]3 years ago
4 0

Answer:

$ 35.38

Step-by-step explanation:

Given data:

Annual dividend per share = $ 2.30

Required return on the preferred stock = 6.5 %

Thus,

Selling price of the preferred stock

= Annual dividend per share / Required return on the preferred stock

on substituting the respective values, we get

Selling price of the preferred stock = $ 2.30 / 6.5% = $ 2.30 / 0.065

or

Selling price of the preferred stock = $ 35.38

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Dolores bought a crib on sale for $350. The sale price was 40% of the original price, what was the original price?
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2 years ago
A pinwheel design for a quilt is shown at the right. Each square of the design has a side length of 3 inches. May someone help m
arlik [135]

Answer:

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Part B) The total area of the four large shaded triangles is 72\ in^{2}

Part C) The cost to purchase the material to make the triangles for the quilt will be \$172.8

Step-by-step explanation:

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4 0
3 years ago
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