Question: Question 5 4 pts Ruby Inc. wants to offer preferred stock for sale at a price of $60 a share. The company wants its investors

Question 5 4 pts Ruby Inc. wants to offer preferred stock

Question 5 4 pts Ruby Inc. wants to offer preferred stock for sale at a price of $60 a share. The company wants its investors to earn a 2.5 percent rate of return. What is the minimum annual dividend the firm will need to pay per share? $1.80 $2.12 $2.33 $1.50

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