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Firm ABC issued a prefer stock with promised dividend of $3.7 per year and a price of $20. What is the impled rate of return

Firm ABC issued a prefer stock with promised dividend of $3.7 per year and a price of $20. What is the impled rate of return of this stock? O A 12.76% OB 11.87% OC 13.87% OD. 14 76%

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