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Yankee Athletic Club has preferred stock with a par value of $ 6 0 and an annual 6 % cumulative dividend. Given the following prices

Yankee Athletic Club has preferred stock with a par value of $60 and an annual 6% cumulative dividend. Given the following prices for the preferred stock, what is each investor seeking for his or her return?
a. Alex is willing to pay $40.
b. Derek is willing to pay $25.
c. Marcia is willing to pay $20.
d. Johnny is willing to pay $10.
a. If Alex is willing to pay $40 for the preferred stock, what rate of return is he seeking?
%(Round to two decimal places)
b. If Derek is willing to pay $25 for the preferred stock, what rate of return is he seeking?
%(Round to two decimal places)
c. If Marcia is willing to pay $20 for the preferred stock, what rate of return is she seeking?
%(Round to two decimal places
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