Question:

The market value of a particular company's preferred stock is $50 per share.?

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The dividend rate is 5 percent, and the par value is $40. What is the amount of the dividend for one share of this preferred stock?

a. $2.00

b. $2.50

c. $40.00

d. $50.00

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  1. a.  

    @5%. . . >05*$40 = $2.00

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