Soledad company preferred stock has a market price of 20 if

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Soledad Company preferred stock has a market price of $20. If it has a yearly dividend of $1.50, what is your expected rate of return if you purchase the stock at its market price?

A) 13.31%
B) 7.5%
C) .075%
D) 21.33%

Reference no: EM13486157

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