问题
单项选择题
Nortel Industries has a preferred stock outstanding that pays (fixed) annual dividends of $3.75 a share. If an investor wants to earn a rate of return of 8.5 percent, how much should he be willing to pay for a share of Nortel preferred stock（）
A. $44.12.
B. $31.88.
C. $37.50.
答案
参考答案：A
解析：
PV=3.75/0.085=$44.12.