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Polly Grey Inc has preferred stock that is currently valued at $ 1 0 9 per share. Further, the preferred stock has a fixed annual

Polly Grey Inc has preferred stock that is currently valued at $109 per share. Further, the preferred stock has a fixed annual dividend of $7.28. What is Polly Grey Inc's expected rate of return on their preferred stock?
A.8.03%
B.5.37%
C.9.43%
D,6.68%

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