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If a preferred stock has a current yield of 3.00% and is selling at a price of $60, what is this stocks quarterly dividend? a.

If a preferred stock has a current yield of 3.00% and is selling at a price of $60, what is this stocks quarterly dividend?

a. .45 b. .90 c. $1.00 d. $1.80 e. none of the above

ABC has a preferred stock issue outstanding that has a quarterly dividend of $1.25 and a par

value of $100. What is the price of this stock if the required return is 6.00%?

a. 94.65

b. 86.24

c. 83.33

d. 81.79

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