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
Answer:
3271
Step-by-step explanation:
so in the number there are four numbers
the 3 is in the thousands so it goes first
the 2 second
the 7 third
and the 1 last
Answer:
15
Step-by-step explanation:
<h2>
Answer:</h2>
Option: C is the correct answer.
C. 
<h2>
Step-by-step explanation:</h2>
The sequence is given by the explicit formula as:
where 
is the nth term of the sequence.
Also, the first term of the sequence is: 
i.e.
Also,
Hence, the recursive formula which represents the same sequence is:
Option: C
57 because 3 times 9 equals 27
