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Author Question: Clintons preferred stock pays a dividend of $1.60 per quarter. If the price of the stock is $69, ... (Read 25 times)

frosh101

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Question 1

Carter’s preferred stock pays a dividend of $1.90 per quarter. If the price of the stock is $62, what is its nominal (not effective) annual rate of return?

11.75%


12.00%


12.26%


12.70%



Question 2

Clinton’s preferred stock pays a dividend of $1.60 per quarter. If the price of the stock is $69, what is its effective annual (not nominal) rate of return?

9.15%


9.45%


9.60%


9.90%



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Marked as best answer by frosh101 on Aug 7, 2023

kyledifference

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frosh101

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review


tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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