Question: help Question 10 (1 point) ABC Inc has an outstanding preferred share. The preferred share just paid a dividend of $2.51. Dividends are paid quarterly.

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Question 10 (1 point) ABC Inc has an outstanding preferred share. The preferred share just paid a dividend of $2.51. Dividends are paid quarterly. The price of stock today is $56.62. What is the effective annual rate of return? Your answer should be shown as a percentage and it should be accurate to two decimal places

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