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If a preferred share has a price of $93, a par value of $100 and an (annual) coupon rate of 4.0%, its yield is approximately

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If a preferred share has a price of $93, a par value of $100 and an (annual) coupon rate of 4.0%, its yield is approximately %, assuming the next dividend is to be paid in exactly one year. A. 3.7 B. 4.6 C. 4.0 D. 4.3

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