Fred just paid 1164 for a share of preferred stock that, Ask an Expert

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Fred just paid $116.4 for a share of preferred stock that pays $11.51 per year in dividends. The stock has no expiration date. What rate of return is Fred earning on this investment? Show your answer in decimal form to four places (e.g., 12.34% would be entered as 0.1234)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92391038

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