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ABC company preferred stock has a market value of $12 and pays an annual dividend of $2.03 per share. What is the current rate of

ABC company preferred stock has a market value of $12 and pays an annual dividend of $2.03 per share. What is the current rate of return for this stock? Select one: O a. 19.08% O b. 16.92% O c. 22.35% O d. 20.57% O e. 24.27%

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