Markets that deal with one industry or industry segment are

Many preferred stocks have a provision that entitles a company to repurchase its preferred stock

from their holders at stated prices over a given time period. What is the name of this provision? A) callable B) convertible C) putable D) cumulative

Tootsie Roll Inc pays annual dividends that are expected to grow in perpetuity at the rate of 2% per annum. The next dividend is expected to be $1.50 and it will be paid in one year. The price of Tootsie Roll shares is currently $21.43

If you pay that price and hold Tootsie Roll shares, then what return do you expect to earn? A) 9% B) 8% C) 7% D) 10% E) 11%