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Preferred stock sells for $48.2 a share & has a mkt return of 15.65%. What is the divid amt?

Preferred stock sells for $48.2 a share & has a mkt return of 15.65%. What is the divid amt?

Postby felipe44 » Wed May 01, 2013 5:54 pm

A preferred stock sells for $48.20 a share and has a market return of 15.65 percent. What is the dividend amount?
$7.42
$7.54
$6.93
$7.25
$6.80
felipe44
 
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Preferred stock sells for $48.2 a share & has a mkt return of 15.65%. What is the divid amt?

Postby jimmy » Wed May 01, 2013 5:57 pm

$7.54



Price = dividend/return

so Dividend = Price x Return

$48.2 x 15.65% = $7.54
jimmy
 
Posts: 168
Joined: Tue Jun 26, 2012 2:00 am

Preferred stock sells for $48.2 a share & has a mkt return of 15.65%. What is the divid amt?

Postby bikendi » Wed May 01, 2013 6:25 pm

A 15.65% return on preferred stocks? Where do you get that?
bikendi
 
Posts: 132
Joined: Tue Jun 26, 2012 1:14 am


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