FINANCE 3. A preferred stock pays a 3% dividend on its $90.00 par (stated or nominal) value, and the required rate of return is 9%. What is the preferred stock worth?

A. $30.00
B. $100.00
C. $300.00
D. $3,000.00

The boiling point of water at an elevation of 0 feet is 212 degrees fahrenheit (°f). for every 1,000 feet of increase in elevation, the boiling point of water decreases by about 2°f. which of the following represents this relationship if b is the boiling point of water at an elevation of e thousand feet? a) e = 2b - 212 b) b = 2e - 212 c) e = -2b + 212 d) b = -2e + 212