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Hart Enterprises has preferred stock outstanding that pays a dividend of $10 at the end of each year. The preferred stock sells for $88 a

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Hart Enterprises has preferred stock outstanding that pays a dividend of $10 at the end of each year. The preferred stock sells for $88 a share. What is the preferred stock's predicted rate of return? Select one: a. 13.25% b. 8.80% c. 12.50% d. 11.36% e. 9.45%

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