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The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, wha…

The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, wha…
asked 3.6k views
4 votes
The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, what is its market value?

asked
User Shanish
by
8.8k points

2 Answers

5 votes

Answer:

$150

Step-by-step explanation:

Dividend/ Demand Return

$16.50/.11 = $150

answered
User Leehbi
by
9.4k points
3 votes
Dang I used to know this but I completely forgot I will try to answer if it comes back to me
answered
User Myesha
by
8.6k points
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