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A preferred stock sells for $48.30 a share and has a market return of 15.65 percent. What is the dividend amount? $6.93 $6.80 $7.25 $7.42

A preferred stock sells for $48.30 a share and has a market return of 15.65 percent. What is the dividend amount?

$6.93

$6.80

$7.25

$7.42

$7.54

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