Golden rod corps preferred stock is currently selling for, Ask an Expert

Finance

Golden Rod Corp.'s preferred stock is currently selling for $65.53. The company pays $6.98 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 the answer to two decimal places in percentage form. (Write the percentage sign in the "unit's" box)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92300856

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