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2 years ago

Select the correct answer.

Business

1 answer:

zhuklara [117]2 years ago

5 0

Answer:

B. $2,400

Explanation:

The computation of the amount does preferred stock holder received of dividend is as follows:

= Number of share issued × par value per stock × dividend percentage

= 3,000 × $10 × 8%

= $2,400

hence, the amount does preferred stock holder received of dividend is $2,400

Therefore the option B is correct

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3 years ago

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Determine the amount of money that must be invested now (time 0) at 10% nominal interest, compounded monthly, to provide an

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Explanation:

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n = 8 years

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Effective interest rate = $( 1 + \dfrac{r}{100 \times n})^n-1$

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