1. List, explain, and give examples of 5 types of Financial Institutions.
2. List, explain, and give examples of 5 types of Financial Assets.
3. Taylor Inc. has perpetual preferred stock outstanding that has a par value of $100 per share and a dividend yield of 9.5% of stated value. If the appropriate interest rate for Taylor's preferred stock is 8.3%, how much is each share of preferred stock worth?
A. 93.98
B. 107.23
C. 114.46
D. 110.84
E. 113.25