sabrinamellis
18.08.2020 •
Mathematics
Troll Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $9.50 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? * a) $104.27 b) $106.95 c) $109.69 d) $146.15 e) None of the above
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Ответ:
d) $146.15
Step-by-step explanation:
From the above Question, we are given the following values:
The annual dividend per share of a perpetual preferred stock = $9.50
The required return rate on this preferred stock = 6.5% = 0.06
The selling price of the stock = ??
The formula to calculate the Selling price of the stock =
Annual dividend per share / Required return rate
= $9.5/ 0.065
= $146.15384615
Approximately $146.15
Therefore, the price at which the stock should sell is $146.15.
Ответ:
not sure search it up
Step-by-step explanation: