Bullish, Inc. has an issue of preferred stock outstanding that pays a $ 8.00 dividend every year, in perpetuity. If this issue currently sells for $ 98.00 per share, what is the required return

The required return is 8.16%

Explanation:

The computation of the required return is shown below:

The Required rate of return on preferred stock is

= Dividend per share ÷ Share price

= $8.00 ÷ $98.00

= 8.16%

By dividing the dividend per share from the share price we can get the required return and the same is to be considered

Hence, the required return is 8.16%

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'