Abc preferred stock pays a 3 annual dividend that will last
ABC preferred stock pays a $3 annual dividend that will last forever. The current market rate of return is 8% for this type of investment. What is one share of ABC preferred stock worth?
a. $30.00
b. $38.50
c. $37.50
d. $32.50
e. $24.00
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The pawn shop loans money at an annual rate of 23 percent and compound interest weekly. What is the actual rate being charged on these loans? Suppose there are 365 days in a year and 7 days in a week and round the compounding frequency to the near
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