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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 18.66 percent. The preferred

Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 18.66 percent. The preferred stock is currently selling for $119.42 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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