Question
Consolidated Industries' preferred stock currently sells for 24.75 per share and pays an annual dividend of $1.20 per share. What is the compound annual rate
Consolidated Industries' preferred stock currently sells for 24.75 per share and pays an annual dividend of $1.20 per share. What is the compound annual rate of return you would earn on this investment?
Question 13 options:
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4.85%
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4.46%
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5.24%
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5.43%
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5.53%
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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 9 years. Its first dividend will be $4.20, and future dividends will grow at 3% per year. If investors require a 9% return, what is the current stock price?
Question 14 options:
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$33.37
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$35.13
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$31.97
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$34.08
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$32.23
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