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You plan to pay $60 for a share of preferred stock that pays a $3.00 dividend per year forever. What annual rate of return

You plan to pay $60 for a share of preferred stock that pays a $3.00 dividend per year forever. What annual rate of return will you realize? A) 2.0% B) 3.0% C) 5.0% D) 6.0% E) 20.0%

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