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A preferred stock pays an annual dividend of $4.70 and sells for $56.20 per share. What is the rate of return? Multiple Choice 8.36 percent

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A preferred stock pays an annual dividend of $4.70 and sells for $56.20 per share. What is the rate of return? Multiple Choice 8.36 percent 7.88 percent 8.08 percent 8.54 percent 9.01 percent

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