Each quarter, Luckey Inc., pays a dividend on its perpetual preferred stock. Today, the stock is selling at $80.45. If the required rate of return for such stocks is 10.5 percent, what is the quarterly dividend paid by the firm? (Do not round intermediate calculations. Round final answer to two decimal places.) $8.45 O $2.11 O $10.5 O $2.19 pone hece
Each quarter, Luckey Inc., pays a dividend on its perpetual preferred stock. Today, the stock is selling at $80.45. If the required rate of return for such stocks is 10.5 percent, what is the quarterly dividend paid by the firm? (Do not round intermediate calculations. Round final answer to two decimal places.) $8.45 O $2.11 O $10.5 O $2.19 pone hece
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 4P
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