Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 14.74 percent. The preferred stock is currently selling for $112.95 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today? Round the answer to two decimal places in percentage form. Bwrite the percentage sign in the "units" box) Your Answer: Answer units