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South Stage, Inc. preferred stock pays an annual dividend of $2.75 per share. If the stock is currently selling for $27.50 per share, what is

South Stage, Inc. preferred stock pays an annual dividend of $2.75 per share. If the stock is currently selling for $27.50 per share, what is the expected rate of return on this stock?

A. 2.75%

B. 27.5%

C. 10.0%

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