What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?
A) $3.33
B) $3.60
C) $4.00
D) $5.00

Name: What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share? A) $3.33 B) $3.60 C) $4.00 D) $5.00
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Question

Quizplus · Accepted Answer

The dividend on an 8 percent preferred stock with a face value of $50 per share is calculated as 8% of $50, which equals $4.00.

What Is the Dividend on an 8 Percent Preferred Stock