Answer:
$10.42
Explanation:
The computation of the intrinsic value of this preferred stock using the DDM method is shown below:
= Annual dividend ÷ required rate of return
where,
The Annual dividend is $1.25
And, the required rate of return is 12%
Now placing these values to the above formula,
So, the intrinsic value of the preferred stock is
= $1.25 ÷ 0.12
= $10.42
Hence, the second option is correct
The name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.
<h3>What is a monetary policy?</h3>
It should be noted that a monetary policy are the actions that are taken in order to control the money in circulation.
In this case, the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.
Learn more about monetary policy on:
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Answer:
I think a shoe store would be considered a corporation, however it could be a sole proprietorship meaning the business is solely owned and taken care of by one person, but that's unlikely since a shoe store would need employees to maintain their store.
Explanation:
There are three categories of business which are the following:(1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.
Hope I helped, have a nice day :)
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