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A company has issued preferred stock with a $9 annual dividend that will be paid in perpetuity. What is the dividend yield on the stock

A company has issued preferred stock with a $9 annual dividend that will be paid in perpetuity. What is the dividend yield on the stock if the discount rate is 10 percent? A. 10% B. 13% C. 14%. D. 16%. E. None of the above

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