Weegy: Interest rates are given as annual rates. [ If semiannual (twice a year) compounding is being used, then you would make the following adjustments: Double the rate and halve the number of years.
] User:
GMX Resources, an independent oil and gas exploration and production company, has a 9.25% preferred stock outstanding, which pays an annual dividend of $2.3125. If investors require a return of 15% on small companies in this sector, what will this preferred stock sell for? (Points : 1)
$14.11
$14.72
$15.41
$28.58 Weegy: 2.3125/.15 = 15.41
The answer is, $15.41.
(More)

There are no comments.