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3. Hart Enterprises has preferred stock outstanding that pays a dividend of $15 at the end of each year. The preferred stock sells for 588
3. Hart Enterprises has preferred stock outstanding that pays a dividend of $15 at the end of each year. The preferred stock sells for 588 a share. What is the preferred stock's predicted rate of retum? A) 11.36% B) 12.50% C) 13.25% D) 9.55% E) 17.05%
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