Stimpson Inc. preferred stock pays a .50 annual dividend. What is ...

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Stimpson Inc. preferred stock pays a .50 annual dividend. What is the value of the stock if your
  required rate of return is 10?
 
  A) 5.00 B) .05 C) .50 D) 50.00

Question 2

When you placed a market order, your broker quoted a price of 30. With this information we know that
 
  A)
 
  you will trade the stock at a price of 30, or higher.
  B)
 
  you will trade the stock at a price of 30, or lower.
  C)
 
  you will trade the stock at exactly 30.
  D)
 
  you will be unsure of the exact trade price.

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Answer to Question 1

A

Answer to Question 2

D

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