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Problem 4.LO2.29Question Help The preferred stock of Marble Comics pays annual dividends of $2 in perpetuity(starting in oneyear). If you buy a preferred share for
Problem 4.LO2.29Question Help
The preferred stock of Marble Comics pays annual dividends of $2 in perpetuity(starting in oneyear). If you buy a preferred share for $22.38 and hold it inperpetuity, then what is your annual rate ofreturn? Express your answer as a percentage rounded to 2 places. i.e. 12.3456%=12.35%.
What is your annual rate of return from the preferredstock?
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College Accounting, Chapters 1- 15
Authors: James A. Heintz, Robert W. Parry
23rd Edition
0357391942, 9780357391945
