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Pfizer Industries has preferred stock outstanding with a par value of $100. The stock pays a perpetual quarterly dividend of $0.40 and has a
Pfizer Industries has preferred stock outstanding with a par value of $100. The stock pays a perpetual quarterly dividend of $0.40 and has a current price of $52.16. What is its effective annual rate of interest?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
