Question 21 (4 points) Clark's has been growing at a rate of 8% per year. Their preferred stock price is $40.00 and they pay a preferred dividend of $1.60 per year. What is the annual rate of return on the preferred stock? OA) 4.00% OB) 3.44% OC) 3.33% DN 3.00% E) 4.50% Previous Page Next Page Page 21 of 25 unnamed.jpg