Solved: Preferred stock rate of return, Accounting Basics

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Preferred stock rate of return

Question: Analogue Technology has preferred stock outstanding that pays $9 annual dividend. It has a price of $76. What is the required rate of return (yield) on the preferred stock?

Can you show me how to figure this type of problem out on my own in the future by using this as an example?

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Accounting Basics: Preferred stock rate of return

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