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The preferred stock of Federal Logistics is selling for $57.56 per share. The company pays a constant annual dividend and has a total return of 10.13 percent. What is the amount of the dividend?

Respuesta :

Parrain

Answer: Dividend = $5.83

Explanation:

The price of a Preferred share can be calculated by the formula;

Price = Dividend/ Return

So,

57.56 = Dividend/ 10.13%

Dividend = 57.56 * 10.13%

Dividend = $5.83

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