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What is the current yield of mymusic inm

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Reference no: EM132916801

Problem 1: Rani would like to purchase preferred shares of MyMusic Inm., which have a $500 par value and a dividend rate of 9.9%. If the share's current market price is $755, what is the current yield?

A) 4.60%
B) 5.95%
C) 6.09%
D) 9.20%

Reference no: EM132916801

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