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Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 10.95 percent The preferred

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Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 10.95 percent The preferred stock is currently selling for $106.07 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today? Answer units

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