Alabama Power has preferred stock that pays an annual dividend of $9.44. If the security has no maturity, what is its value to an investor who wishes to obtain a 9 percent rate of return?
A) $84.96
B) $104.89
C) $95.34
D) $94.40

Question

Quizplus · Accepted Answer

The Answer of Alabama Power has preferred stock that pays an annual dividend of $9.44. If the security has no maturity, what is its value to an investor who wishes to obtain a 9 percent rate of return?
A) $84.96
B) $104.89
C) $95.34
D) $94.40

Alabama Power Has Preferred Stock That Pays an Annual Dividend