Suppose you purchased a $50 par value preferred stock. The stock's price is $48 per share and it pays a 10.4% dividend rate per year. Investors require a 13% rate of return on the stock and the marginal tax rate is 34%. What is the expected return on this preferred stock? O 14.1% O 10.2% O 10.8% O 11.3% 8.9%