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gayaneshka [121]
3 years ago
8

Carter's preferred stock pays a dividend of $1.40 per quarter. If the price of the stock is $69.00, what is its nominal (not eff

ective) annual expected rate of return?
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

Carter's preferred stock nominal annual expected rate of return is 8.12%.

Explanation:

Nominal annual expected rate of return of a preferred stock can be described as the current or unadjusted rate of return of the stock.

The nominal annual expected rate of return can be calculated as follows:

Nominal annual expected rate of return = Annual preferred stock dividend per share / Preferred stock price ............. (1)

Where;

Annual preferred stock dividend per share = Dividend per quarter * 4 = $1.40 * 4 = $5.60

Preferred stock price = $69.00

Substituting the values into equation (1), we have:

Nominal annual expected rate of return = $5.60 / $69.00 = 0.0812, or 8.12%

Therefore, Carter's preferred stock nominal annual expected rate of return is 8.12%.

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Answer: Option D

           

Explanation: Two professions can be compared on the basis of the skill sets and education level each have.

In case of lawyers, they acquire a high level of professional knowledge and do a lot of mind work. Their job do not require physical hardships but they too face lot of pressure.

On the other hand, in case of construction worker they do not require a typical professional course and their job is mostly about handling the physical exertion.

Hence from the above we can conclude that the correct option is D.

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3 years ago
In monopolistic competition, what effect do price variations generally have on the market as a whole
irinina [24]

In monopolistic competition, what effect do price variations generally have on the market as a whole?

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4 0
4 years ago
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netineya [11]

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4 0
2 years ago
Pizza is a normal good if the demand Group of answer choices
levacccp [35]

Answer:

Option A, For Pizza rise when income rises.

Explanation:

Option A is correct because the income of the consumer and the demand for normal goods are positively related. So when consumer's income increases then the demand for normal goods also increases. If the income falls then the demand for normal goods also falls. Therefore, the movement in the same direction shows that there is a direct relationship between normal goods and the income of the consumer.

5 0
3 years ago
If a company incorrectly records cash received for services to be provided in the future with a debit to Cash and credit to Sale
choli [55]

Answer:

B. Net income will be too high.

Explanation:

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3 0
3 years ago
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