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Potters Violin Co. has just issued nonconvertible preferred stock with a par value of $100 an and an annual dividend rate of 13.87 percent. The
Potters Violin Co. has just issued nonconvertible preferred stock with a par value of $100 an and an annual dividend rate of 13.87 percent. The preferred stock is currently selling for $125.52 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today.
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