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    cynt310's Avatar
    cynt310 Posts: 2, Reputation: 1
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    #1

    Feb 10, 2010, 10:18 AM
    preffered stock returns
    preferred stock outstanding with par value of $100. The stock pays a quarterly dividend of $2 and it current price is $80. What is the effective annual rate of return?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Feb 10, 2010, 12:34 PM
    Hi, cynt310!

    If this might be a homework question, are you looking for a direct answer to your question, or for someone knowledgeable to come along to help you to know how to come up with the correct answer yourself, please?

    If the former is true, then please click on the following link.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Thanks!
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