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Jino has purchased a preferred stock of par value Rs. 25 which pays semiannual dividend of 12% every year. If the market price of this

Jino has purchased a preferred stock of par value Rs. 25 which pays semiannual dividend of 12% every year. If the market price of this stock is Rs. 24 and market rate of return is 12%, will you suggest Jino to buy/hold or sell?

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