Question: Potter's Violin Co.has just issued nonconvertible preferred stock with a par value of $100.00 and an annual dividend rate of 10.88 percent. The preferred stock is currently selling for $120.39 per share which rate of return does the investor expect to receive on this stock if the stock is purchased today. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.