Help, I'm not sure why Cengage is saying
148000000 is the incorrect answer.
Homework Answers
a.$148
(try entering $148 in the answer box).
Since the answer is to be rounded to nearest million, the correct format must be $148 million.
preferred dividend = $2,603,000,000 *5.7%
=>$148,371,000.
so , rounding to nearest million will be =$148 million.
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