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Hi I need help answering this question. Golden Rod Corp's preferred stock is currently selling for $60.97. The company pays $8.00 annual dividends on this

Hi I need help answering this question.

Golden Rod Corp's preferred stock is currently selling for $60.97. The company pays $8.00 annual dividends on this preferred stock. Which rate of return does the investor expect to receive on this stock if the stock is purchased today? Please assist.

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