Thank you for visiting A 10 percent preferred stock sells for 62 50 a share What is the rate of return A 7 02 percent B 6 25 percent. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
The rate of return on the 10 percent preferred stock is 16.00 percent.
Explanation:
To calculate the rate of return on a preferred stock, divide the annual dividend by the stock price and multiply by 100. In this case, the annual dividend is 10% of the stock price, which is $62.50. So, the rate of return is (10/62.50) × 100 = 16%. Therefore, the correct answer is (d) 16.00 percent.
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