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A company has issued protoned stock with an annual dividend of $1.91 that will be paid in perpetuity. The current price of the stock $53.02.

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A company has issued protoned stock with an annual dividend of $1.91 that will be paid in perpetuity. The current price of the stock $53.02. What is the expected rate of retum on the preferred stock? Enter your answer as a percentage. Do not include the percentago sign in your answer Enter your response below rounded to 2 DECIMAL PLACES Number % Next Question Menu Submit Assignment Quit & Save MacBook Air

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