Everest Inc's preferred stock pays a dividend of $1.85 per quarter, and it sells the preferred stock $33.90 per share. What is its effective annual (not nominal) rate of dividend for investors? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72. Group of answer choices 23.68% 21.83% 20.84% 21.55% 28.18%
Everest Inc's preferred stock pays a dividend of $1.85 per quarter, and it sells the preferred stock $33.90 per share. What is its effective annual (not nominal) rate of dividend for investors? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72. Group of answer choices 23.68% 21.83% 20.84% 21.55% 28.18%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Everest Inc's preferred stock pays a dividend of $1.85 per quarter, and it sells the preferred stock $33.90 per share. What is its effective annual (not nominal) rate of dividend for investors?
Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.
Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.
Group of answer choices
23.68%
21.83%
20.84%
21.55%
28.18%
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