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Rebello's preferred stock has a par value of $60, and pays a dividend of $1.00 per quarter, and it sells for $50 per share. What

Rebello's preferred stock has a par value of $60, and pays a dividend of $1.00 per quarter, and it sells for $50 per share. What is the annual rate of return for this preferred stock? A) 2.00% B) 6.67% C) 8.00% D) 2.75% E) 3.00%

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