JPMorgan Chase issued a preferred stock that trades at $47.619 on the New York Stock Exchange. The shares pay the holder $1.25 every 4 months. What is the yield on this preferred stock? JPMorgan Chase issued a preferred stock that trades at $47.619 on the New York Stock Exchange. The shares pay the holder $1.25 every 4 months.

What is the yield on this preferred stock?

10.500%

10.000%

5.250%

5.000%

2.625%