Question $22(1$ point$)$

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Yankee Athletic Club has preferred stock with a par value of $$50$ and an annual $6\%$ cumulative dividend. Given the following market prices for the preferred stock, what is each investor seeking for his or her return? Derek is willing to pay $$20\mathrm{.}00.$

$25\%$

$15\%$

$10\%$

$5\%$

$20\%$