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please show work aswell so i can study! thank you Lexington Corporation recently issued $50.00 par-value preferred stock that pays an annual dividend of $5.00.

please show work aswell so i can study! thank you

Lexington Corporation recently issued $50.00 par-value preferred stock that pays an annual dividend of $5.00. If the stock is currently selling for $77.00, what is the expected return of this preferred stock? O 6.49% 6.80% 07.07% O 6.85% O 6.61%

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