Question

The ape copy company's preferred stock pays an annual dividend equal to $16.50. if investors demand a return equal to 11 percent to purchase ape's preferred stock, what is its market value?

Answer 1

$150

Step-by-step explanation:

Dividend/ Demand Return

$16.50/.11 = $150

Answer 2

Dang I used to know this but I completely forgot I will try to answer if it comes back to me