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Analogue Technology has preferred stock outstanding that pays a $15.65 annual dividend. It price is $181. What is the required rate of return (yield) on

Analogue Technology has preferred stock outstanding that pays a $15.65 annual dividend. It price is $181.

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.)

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