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dex0388 dex0388
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A year ago
A share of noncallable preferred stock has a par value of $100 and pays 7 percent annual interest. Which of the following statements is true?

▸ The stock will pay $7 per year and will pay the investors back the $100 par value at maturity.

▸ The stock will pay $100 per year for 20 years.

▸ The stock will pay $7 in the first year, but the amount paid in future years will depend on what happens to interest rates in the future.

▸ The stock will pay $7 per year as long as the company is in existence.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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Quiera730Quiera730
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A year ago
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dex0388 Author
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A year ago
Good timing, thanks!
dedricgard
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Yesterday
This helped my grade so much Perfect
einstein
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2 hours ago
You make an excellent tutor!
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