A

B

Investors expect a rate of return of 3% on a preferred stock that has a current price of $55.9. What constant dividend must the stock be paying each year in perpetuity? Enter your response below, rounded to two places.

Transcribed Image Text:

Investors expect a rate of return of 3% on a preferred stock that has a current price of $55.9. What constant dividend must the stock be paying each year in perpetuity? Enter your response below, rounded to two places. Investors expect a rate of return of 3% on a preferred stock that has a current price of $55.9. What constant dividend must the stock be paying each year in perpetuity? Enter your response below, rounded to two places.