Ltm, inc. has an issue of preferred stock whose par value is $1,000. the preferred stock pays a 4.5% dividend. if investors require a 5.5% rate of return for these shares, what price should the preferred stock sell for?

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form