posted by Johnny .
A perpetual preferred stock pays a fixed dividend of $9 and sells for $100. What is the
stock’s rate of return?
A. 6.5 percent
B. 9 percent
C. 11 percent
D. 12.5 percent
I think it's B. 9 percent. $9.00 / 100 = .09
This is not my area either. Perhaps the following GOOGLE Search will have something useful:
try zenwealth scroll to finance online