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ABC Inc has an outstanding preferred share. The preferred share just paid a dividend of $1.09. Dividends are paid quarterly. The price of stock today
ABC Inc has an outstanding preferred share. The preferred share just paid a dividend of $1.09. Dividends are paid quarterly. The price of stock today is $57.32. What is the effective annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places.
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