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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 $40 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 $40 per share. What is the annual rate of return for this preferred stock? A) 10.00% B) 9.00% C) 6.67% D) 8.75% E) 2.50%

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