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Fruits and Vegetables International has preferred stock outstanding that pays a dividend of $3.55 at the end of each year. The preferred sells for $53.66

Fruits and Vegetables International has preferred stock outstanding that pays a dividend of $3.55 at the end of each year. The preferred sells for $53.66 a share. What is the preferred stock's rate of return? (answer positive number with two decimals and no percentage sign)

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