FNCE 370 - Mrs. M owns 5,000 preferred shares of ABC Inc.
Question # 00634916
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Updated on: 01/08/2018 09:49 AM Due on: 01/08/2018
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?
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Rating:
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Solution: FNCE 370 - Mrs. M owns 5,000 preferred shares of ABC Inc.