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1. E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $13 annual dividend in perpetuity, beginning 6 years from now. Required : If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today?
a. $153.81
b. $216.67
c. $161.91
d. $152.74
e. $170.00
2. Mary Cooper just purchased 110 shares in the All-American Fidelity Fund. The purchase cost for each share was $35. If this fund charges a 5 percent load, what is the total amount of commission she will pay the investment company?
A) $187.50
B) It is impossible to calculate the amount of the commission from the information provided.
C) $197.50
D) $192.50
E) $96.20
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E-Eyes.com just issued some new preferred stock. how much does a share of preferred stock cost today?
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