Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal)rate of return? A) 6.62%
B) 6.82%
C) 7.03%
D) 7.25%
E) 7.47%

7.47%

Explanation:

Calculation for the effective annual rate of return

Using this formula

Effective annual rate of return=[1+(Preferred quarterly dividend+Preferred stock price]^Periods per year-1

Let plug in the formula

Where,

Periods per year =4

Preferred quarterly dividend=$1.00

Preferred stock price=$55.00

Effective annual rate of return = [1+ ($1.00/$55.00)]^4 - 1

Effective annual rate of return=(1+0.018181818)^4-1

Effective annual rate of return=(1.018181818)^4-1

Effective annual rate of return =1.0747-1

Effective annual rate of return =0.0747*100

Effective annual rate of return = 7.47%

Therefore Effective annual rate of return will be 7.47%

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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