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Lexington Corporation recently issued $70.00 par-value preferred stock that pays a 9.00% dividend rate per year. If the stock is currently selling for $95.00, what

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Lexington Corporation recently issued $70.00 par-value preferred stock that pays a 9.00% dividend rate per year. If the stock is currently selling for $95.00, what is the expected return of this preferred stock? 6.99% 6.63% O 7.26% O 7.15% O 6.23%

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