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barxatty [35]
3 years ago
8

You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.00 per share fo

rever. What is the rate of return on your investment?
Business
1 answer:
Masja [62]3 years ago
8 0

Answer:

<em><u>rate = 5.50/50 = 0.11 = 11%</u></em>

I believe it is..

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