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________ 4. High Water Tours 5 percent preferred stock is selling for $68 a share. The par value is $100 per share. What is the
________ 4. High Water Tours 5 percent preferred stock is selling for $68 a share. The par value is $100 per share.
What is the rate of return on this stock?
a. 5.00 percent b. 5.33 percent c. 7.35 percent d. 7.67 percent
________ 5. Eight years ago, Mandelay Co. paid $1.02 a share in dividends. This year, the dividends are $1.34 a share.
What is the average dividend growth rate?
a. 1.57 percent b. 2.54 percent c. 2.78 percent d. 3.47 percent
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