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Finance

Problem:

The preferred stock of Rail Lines, Inc., pays an annual dividend of $12.25 and sells for $59.70 a share.

Required:

Question: What is the rate of return on this security?

19.38 percent
19.63 percent
20.52 percent
20.72 percent
20.84 percent

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162905

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