Just because an idea is clear to you does not guarantee that the idea will be clear to the receiver as well

A firm has to pay a dividend of $1.20 per share till perpetuity, a zero growth rate of dividends, and a required return of 10 percent. The value of the firm's preferred stock is ________

A) $120 B) $10 C) $12 D) $100

Social media has been widely used in businesses-to-consumer (B2C) relationships to market product to end users

Indicate whether the statement is true or false