Solution-Required effective annual return

Required effective annual return

Reference no: EM131797474

Mrs. M owns 5,000 preferred shares of ABC Inc., and she is thinking of selling 150 of these shares to pay for a new computer. These shares pay quarterly dividends of $0.50 per share. If her required effective annual return is 15%, what is the minimum dollar amount for which Mrs. M. should sell her shares?

Reference no: EM131797474

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Required effective annual return

Reference no: EM131797474

Reference no: EM131797474

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