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1. Ricky has a Preferred Stock that pays a $25 annual dividend, If the market required rate of return on File is 14%, what is

1. Ricky has a Preferred Stock that pays a $25 annual dividend, If the market required rate of return on File is 14%, what is the current market price?

2. Tim has Preferred Stock pays a $20 annual dividend. If the current market price of a share of Rank Preferred is $150, what is the rate of return on the stock?

Express your answer as a percentage to 2 decimal places.

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