Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $2.8
Posted: Wed Jul 06, 2022 6:28 pm
Question 16 (3.125 points) What is the nominal annual rate of return?
What is its effective annual rate of return?
Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $2.8 per quarter, and it sells for $75 per share. What is its effective annual rate of return?