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Shackwah Inc. preferred stock has a par value of $180.00 per share. It offers annual dividends of 8.9% of par. The preferred stock is currently

Shackwah Inc. preferred stock has a par value of $180.00 per share. It offers annual dividends of 8.9% of par. The preferred stock is currently selling in the market for $148.69 per share. What is the expected return of the preferred stock? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%)

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