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Golden Rod Corp's preferred stock is currently selling for $37. the company pays $7.87 annual dividends on this preferred stock.
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Golden Rod Corp's preferred stock is currently selling for $37.52.

the company pays $7.87 annual dividends on this preferred stock. Which rate of return does the investor expect to receive on this stock if the stock is purchased today?

Step-by-step answer

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Subject: Business, Finance

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