Carter's preferred stock pays a dividend of $1.00 per quarter.If the price of the stock is $45.00,what is its nominal (not effective)annual rate of return?
A)8.03%
B)8.24%
C)8.45%
D)8.67%
E)8.89%

Question

Quizplus · Accepted Answer

The Answer of Carter's preferred stock pays a dividend of $1.00 per quarter.If the price of the stock is $45.00,what is its nominal (not effective)annual rate of return?
A)8.03%
B)8.24%
C)8.45%
D)8.67%
E)8.89%

Carter's Preferred Stock Pays a Dividend of $1