Annual rate of return


Question: 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%

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Annual rate of return
Reference No:- TGS0550168

Expected delivery within 24 Hours