17. A share of preferred stock and a share of common stock both sell for $80. If the preferred dividend is $3 and the common stock is

expected to pay a $10 dividend each year for 12 more years and then never pay another dividend, what is the difference in the

return of the two investments?

A. 1.25%

B. 1.6%

C. 1.9%

D. 2.3%

E. 3.1%