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A preferred stock that pays annual dividends offers a rate of return of 6.55 percent per year and sells for $88.50. What is the annual

A preferred stock that pays annual dividends offers a rate of return of 6.55 percent per year and sells for $88.50. What is the annual dividend amount?

$5.80

$4.09

$4.26

$4.50

$5.12

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