Question: A preferred stock is currently valued at $ 4 9 a share and pays an annual dividend of $ 4 . The par value is

A preferred stock is currently valued at $49 a share and pays an annual dividend of $4. The par value is $100 per share. What is the rate of return on this security?
10.22%
8.16%
8.49%
9.67%
A preferred stock is currently valued at $ 4 9 a

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