Problem

For the following questions, circle the best response.The annual per share dividend requir...

For the following questions, circle the best response.

The annual per share dividend requirement of an 8%, $150 par value preferred stock that was issued for $160 is

a. $8.00.

b. $12.00.

c. $12.80.

d. $15.00.

e. $16.00.

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