Alcott's preferred stock pays a dividend of $1.00 per quarter. if the price of the stock is $45.00, what is its nominal (not effective) annual rate of return? select one:
a. 8.03%
b. 8.24%
c. 8.45%
d. 8.67%
e. 8.89%

option (e) 8.89%

Explanation:

Data provided in the question:

Dividend paid per quarter = $1.00

Price of the stock = $45.00

Now,

Annual dividend paid = Dividend paid per quarter × 4

= $1.00 × 4

= $4.00

Therefore,

Annual rate of return = [ (Annual dividend paid ) ÷ Stock price ] × 100%

= [ $4.00 ÷ $45 ] × 100%

= 8.89%

Hence,

Answer is option (e) 8.89%

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability