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Shackwah Inc. preferred stock has a par value of $ 1 8 0 per share. It offers annual dividends of 6 . 5 % of

Shackwah Inc. preferred stock has a par value of $180 per share. It offers annual dividends of 6.5% of par. The preferred stock is currently selling in the market for $243.12 per share. What is the expected return of the preferred stock?

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