The type of checking account that charges a small fee for every check that clears the account is a Cost-per-check account
I hope this helps! :)
-Ayden
Answer:
The answer is $115.38
Explanation:
Solution
Given that
The annual dividend on preferred stock = $7.50
Required return on preferred stock+= 6.5%
The next step is to find at what price should the preferred stock sell which is given as follows:
The rice of preferred stock = 7.50/6.5%
= $115.38
$115.38 is the price at which the stock preferred was sold.
True, When a currency is experiencing high inflation, then it’s buying power is decreasing, and investors like me will not want to hold it.
