What is the rate of return on a preferred share of stock that pays an annual dividend of $3.10 and sells for $36.80 per share? (Round your final answer to 2 decimal places). Multiple Choice O O O 9.65 percent 10.10 percent 6.59 percent 9.48 percent 8.42 percent 8

What is the rate of return on a preferred share of stock that pays an annual dividend of $3.10 and sells for $36.80 per share? (Round your final arswer to 2 decimal places) Multiple Choice 9.65 percent 10.10 percent 6.59 percent 948 percent 8. 42 percent