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You are considering buying a share of preferred stock which you plan to hold forever . It has a $ 2 . 5 2 annual

You are considering buying a share of preferred stock which you plan to hold forever. It has a $2.52 annual dividend and is priced at $29.88. What rate of return do you expect to get from this investment?
Enter your answer as a percentage with two decimal places and without the percent symbol. For example, if your answer is 90.1234%, enter 90.12

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