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ABC Company has preferred stock that pays a dividend of $5.00 per year. The stock is currently selling for $48.55. What is the rate of
ABC Company has preferred stock that pays a dividend of $5.00 per year. The stock is currently selling for $48.55. What is the rate of return for someone buying the stock at this price?
Select one:
a. 24.23%
b. 10.3
c. 9.71%
d. 5%
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