What is your annual rate of return from the preferred stock

Reference no: EM132048019

Question: The preferred stock of Marble Comics pays annual dividends of $2 in perpetuity (starting in one year). If you buy a preferred share for $22.38 and hold it in perpetuity, then what is your annual rate of return? Express your answer as percentage rounded to 2 places, i.e. 12.3456% = 12.35%. What is your annual rate of return from the preferred stock? % (Round to two decimal places)

Reference no: EM132048019

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