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Business, 25.04.2020 04:04 leannehounschell

The preferred stock of Marble Comics pays annual dividends of $2 in perpetuity (starting in one year). If you buy a preferred share for $22.39 and hold it in perpetuity, then what is your annual rate of return? Express your answer as a percentage rounded to 2 places. i. e. 12.3456%equals12.35%.

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