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Amazon Corporation has preferred stock outstanding that pays a $18.80 annual dividend. It price is $204. What is the required rate of return (yield) on

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Amazon Corporation has preferred stock outstanding that pays a $18.80 annual dividend. It price is $204. What is the required rate of return (yield) on the preferred stock? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Rate of return %

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