A preferred stock pays an annual dividend of 4.50. What is one share of this stock worth to you today if you require a rate of return of 11.5%t? Correct answer is E but how do I get that answer?

7.91% 15.53% 120400/121,100 D. 12.10% E. 8.62% 8. A preferred stock return of 11.5%t? (Chap 5) S sro ic hay s aanual dividend of $4 .50. What is one share o this stock worth to you today i you require a rate of an 4.50/0.11 40.9090 A. $56.14 B. $37.98 $43.00 $40.91 $39.13 9, Mariah's charges a daily rate of .04996 on its store credit cards. What interest rate is the company required by law to report to potential customers? Assume each quarter has exactly 91.25 days. (Chap 5) A. 159896 B. 16.65% 16.67% D) 17.45% 17.89% 10 Ron's BBQ has sales of $1,421,000, a profit margin of 3.1%, and a capital intensity ratio of .78. What is the total asset tumover rate? (Chap 3) A. 1.04 B. 1.08 C. 1.13 1.43 1.28