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Morgages, loans, stock valuations and business investment decisions. 5. A Preferred Stock was purchased for $100 and now has a par value of $70 and

image text in transcribed Morgages, loans, stock valuations and business investment decisions.

5. A Preferred Stock was purchased for $100 and now has a par value of $70 and a Preferred dividend rate of 10%, calculate the rate of return of the stock

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