Stu owns shares of Markley preferred stock which he says provides him with a constant 13.6% rate of return. The stock is currently priced at $51.47 a share. What is the amount of the dividend per
Share?
A) $2.64
B) $3.78
C) $5.85
D) $6.26
E) $7.00
Correct Answer:
Verified
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