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Part 2: Problem Solving Show all computations where necessary. Partial credit will only be given if work is shown. Solve the following problem using the

Part 2: Problem Solving

Show all computations where necessary. Partial credit will only be given if work is shown.

Solve the following problem using the formula.

Assume that the dividend on Facebook's $ 2.80 preferred stock issue is paid annually at the end of the year. If the price is $ 73 determine its return.

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