Series 7 - General Securities Representative Exam
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Your client owns a preferred stock that pays a 9 percent dividend. The par value is $100 What is the quarterly dividend for your client?
$2.25
A
$9.00
B
not enough data to calculate
C
$0
D
Explanations
9 % preferred stock x $100 par = $9 per year in dividends divided by 4 = $2.25 per quarter