Preferred Stock Returns
Bruner Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pay a quarterly dividend of $2, and its current price is $80.
a.) What is its nominal annual rate of return?
b.) What is its effective annual rate of return?
What is incorrect with these sentences. Including grammar and punctuation.
>A series of tests were completed only yesterday.
>There should be no misunderstanding between you and I.