Broad-based interview questions are based on the theory that your past performance is the best indicator of your future behavior

The major current revenue source for social commerce vendors is advertising

Indicate whether the statement is true or false

Horizon Communications stock pays a fixed annual dividend of $3.00. Because of lower inflation, the market's required yield on this preferred stock has gone from 12% to 10%. As a result

A) Horizon's dividend decreased by 6 cents. B) The value of Horizon's preferred increased by $3.00. C) The value of Horizon's preferred decreased by $5.00. D) The value of Horizon's preferred increased by $5.00.