Which rate of return does the investor expect to receive on, Financial Management

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Which rate of return does the investor expect to receive on

Golden Rod Corp preferred stock is currently selling for $60.91. The company pays $5.15 annual dividends on this preferred stock. Which rate of return does the investor expect to receive on this stock if the stock is purchased today?

Round to two decimals places in percentage form.

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Financial Management: Which rate of return does the investor expect to receive on

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