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You are interested in buying Ohio Edison preferred stock, which is traded at $45.00 per share today. This preferred stock pays a perpetual annual...

You are interested in buying Ohio Edison preferred stock, which is traded at $45.00 per share today.  This preferred stock pays a perpetual annual dividend of $4.40 per share and has a par value of $30.00 per share. What rate of return do you expect to have by buying this preferred stock?

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