Computing preferred stock rate of return

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Analogue Technology has preferred stock outstanding that pays $9 annual dividend. It has a price of $76. What is the required rate of return (yield) on the preferred stock?

Can you show me how to figure this type of problem out on my own in the future by using this as an example?

Reference no: EM13115700

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Computing preferred stock rate of return : Analogue Technology has preferred stock outstanding that pays $9 annual dividend. It has a price of $76. What is the required rate of return (yield) on the preferred stock?
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