Carby hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $2.30 per share. if the required return on this preferred stock is 6.5%, at what price should the preferred stock sell?

$ 35.38

Step-by-step explanation:

Given data:

Annual dividend per share = $ 2.30

Required return on the preferred stock = 6.5 %

Thus,

Selling price of the preferred stock

= Annual dividend per share / Required return on the preferred stock

on substituting the respective values, we get

Selling price of the preferred stock = $ 2.30 / 6.5% = $ 2.30 / 0.065

or

Selling price of the preferred stock = $ 35.38

536

step-by-step explanation:

on monday rodney ate 1/4th of the sandwich = 3/12

on tuesday he ate 1/3rd of the sandwich = 4/12

therefore in total he has eaten = 3/12 + 4/12 = 7/12

thus we can say that he has eaten 7/12 of the sandwich on monday and tuesday alltogether.

happy to

pls mark as brainliest.