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
I think it is B. and the amount that they each need to pay is $1.13
Answer:
(y+2)=2(x−3)
Or
(y−4)=2(x-6)
Or
y=2x−8
Step-by-step explanation:
Answer:
-2.5
Step-by-step explanation:
Here in this question, we are interested in calculating the z-score for a student that had a particular mark at the test
To calculate the z-score, we need to use a mathematical formula
Mathematically;
z-score = (x - mean)/SD
From the question;
x = 76
mean = 86
standard deviation SD = 4
Plugging these values in the equation, we have;
z-score = (76-86)/4 = -10/4 = -2.5
