The preferred stock of Selena Corp. pays a dividend of 1.50 per ...

[krzymel]

The preferred stock of Selena Corp. pays a dividend of 1.50 per share. If Selena preferred stock currently sells for 10 per share, the required rate of return is:
 
  A) 15
  B) 10
  C) 7
  D) 12
  E) 14

Question 2

Assume that Federated Stores, whose credit card billings total 120 billion per year, were to
  implement a lockbox arrangement that would speed up the collection of its credit card billings by 2
  full days.
 
  If Federated could earn 3.5 on its marketable securities, how much would the firm earn
  per year from such a lockbox arrangement? Assume a 365-day year.
  A) 316.99 million B) 183.50 million C) 230.14 million D) 244.58 million

[zhanghao]

Answer to Question 1

A

Answer to Question 2

C

[krzymel]

Thanks for the timely response, appreciate it

[mammy1697]

Excellent