Fifth National Bank just issued some new preferred stock. The issue will pay an annual dividend of $11 in perpetuity, beginning 16 years from now. If the market requires a return of 4.1 percent on this investment, how much does a share of preferred stock cost today?

The cost of the share is the present value of future cash flows which is $146.84

Explanation:

The formula for the total dividends payable in perpetuity is given as

dividends/(return rate -growth rate)

since dividends growth rate is zero the dividends in perpetuity can be written as $11/(0.041-0)=$268.29 in today's terms

The dividends in perpetuity needs to be discounted to show that the present value today by a way of discounting.

the formula for discounting is given as pv=fv/(1+r)^n

where fv future value of dividends is $268.29

rate is 4.1%

n is 15 years since dividend payment begins at the commencement of sixteenth year

PV=268.29/(1+0.041)^15

PV=$146.84

prokaryotic cells do not contain a nucleus or any other membrane-bound organelle. eukaryotic cells contain membrane-bound organelles, including a nucleus. so i belive the answer is a : p hope it