Question: * A 5% $50 par value retractable preferred share is purchased at $49.25 and is retractable at the holder' s option in eighteen months. What

* A 5% $50 par value retractable preferred share is purchased

* A 5% $50 par value retractable preferred share is purchased at $49.25 and is retractable at the holder' s option in eighteen months. What is the annual pre-tax yield? 5.55% 5.0% 11.08% 6.05%

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