4. Jones Company's preferred stock currently sells for $45.60. If your required rate of return is...

Transcribed Image Text:

4. Jones Company's preferred stock currently sells for $45.60. If your required rate of return is 6%, what is the minimum annual dividend that you would require in order to purchase Jones' preferred stock? 4. Jones Company's preferred stock currently sells for $45.60. If your required rate of return is 6%, what is the minimum annual dividend that you would require in order to purchase Jones' preferred stock?