Question
Lithium Lakes Industreis preferred stock has a par value of $100 and pays a dividend of $6.00 per share. It presently sells for $87 per
Lithium Lakes Industreis preferred stock has a par value of $100 and pays a dividend of $6.00 per share. It presently sells for $87 per share. What do investors require as a rate of return on this stock? Round offto the nearest .10%
A 9.3%
B 6.9%
C 14.5%
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
