Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 41

Tri-State Electric is a profitable utility company that has increased its dividend to common stockholders every year for 42 consecutive years.hich of the following is least likely to affect the market price of the company's preferred stock by a significant amount
a. decrease in long-term interest rates.
b.n increase in long-term interest rates.
c.he board of directors announces its intention to increase common stock dividends in the current year.
d.hether or not the preferred stock carries a conversion privilege.