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If the current market price of preferred stock is $97, and the stock pays $7 dividend, the expected rate of return is O A. 7.22%.
If the current market price of preferred stock is $97, and the stock pays $7 dividend, the expected rate of return is O A. 7.22%. . 5%. OC. 6.67%. O D.9.75%. O E. None of the above.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
