Solution-Which rate of return does the investor expect

Which rate of return does the investor expect

Reference no: EM132494883

Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 10.45 percent. The preferred stock is currently selling for $119.54 per share. Which rate of return does the investor expect to receive on this stock is purchased today?

Round the answer to two decimal places in percentage form.

Reference no: EM132494883

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Which rate of return does the investor expect

Reference no: EM132494883

Reference no: EM132494883

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