You just purchased preferred shares in Initech for $45.71. Initech pays annual dividends of $0.64. What is your required return on this investment?
A) 1.40%
B) 5.40%
C) 8.50%
D) 10.00%
E) 14.00%
Correct answer is A) 1.40%
Business
A) 1.40%
B) 5.40%
C) 8.50%
D) 10.00%
E) 14.00%
Correct answer is A) 1.40%