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A 9 percent preferred stock sells for $55.00 a share. What is the rate of return? Multiple Choice 14.33 percent 4.95 percent 16.36 percent 7.38

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A 9 percent preferred stock sells for $55.00 a share. What is the rate of return? Multiple Choice 14.33 percent 4.95 percent 16.36 percent 7.38 percent

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