Foundation of business finance preferred stock expected return

timer Asked: May 11th, 2014

Question description

you are You are planning to purchase 100 shares of preferred stock and must choose between stock in Kristen Corporation and Titus Corporation. Your required rate of return is 9 percent. If the stock in Kristen pays a dividend of $2 and is selling for $23 and the stock in Titus pays a dividend of $3.25 and is selling for $31, which stock should you choose?

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