2 years ago

A preferred stock sells for $54.20 a share and has a market return of 9.68 percent. What is the dividend amount

Business

1 answer:

kolbaska11 [484]2 years ago

6 0

Answer:

$5.25

Explanation:

A preferred stock is sold at $54.20

The market return is 9.68%

Therefore the dividend amount can be calculated as follows

= 54.20 × 9.68/100

= 54.20 × 0.0968

= $5.25

Hence the dividend amount is $5.25

You might be interested in

Pontchartrain Company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and De

solmaris [256]

Answer:

$1,568,498

Explanation:

First calculate the Amont of discount

Discount on the bond = Face value - Proceeds from the bond = $20,000,000 - $19,604,145 = $395,855

Now prepare the bond amortization

The Bond Amortization schedule is attached with this answer, please find it.

Now calculate the interest expense for 2017

Interest Expense 2017 = $784,165.80 + $784,332.43

Interest Expense 2017 = $1,568,498.23

Interest Expense 2017 = $1,568,498

3 0

3 years ago

Jared expects to charge $60 per hour for his industrial maintenance business during the following year. He expects to reach 50,0

Nataliya [291]

Answer:

Explanation:

He should work with the 50,000 hours estimate instead of the 40,000 in order to avoid shortage of funds during the business year

8 0

3 years ago

How would a payment for rent paid in advance be classified? Multiple Choice Claims exchange transaction Asset use transaction As

kvv77 [185]

Answer:

Asset exchange transaction

Explanation:

Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.

Rent paid in advance is recorded as follows:

Dr Prepaid rent

Cr Cash

As the months go by, the prepaid rent is credited and rent expenses is debited.

Dr Rent expense month 1

Cr Prepaid rent month 1

4 0

3 years ago

Which type of account offers the highest rate of interest? A. regular checking B. money market C. regular savings D. certificate

lina2011 [118]

I would say D.

I hope this helps.

6 0

3 years ago

Read 2 more answers

Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome

DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0

3 years ago