Rate of return does the investor expect to receive on stock

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Potters Violin Co. has just issued nonconvertible preffered stock with a par value of $100 and an annual dividend rate of 15.06 percent. The preffered stock is currently selling for $131.26 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today ?

Reference no: EM131599640

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