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Please advise. Potters Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 10.04...
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Potters Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 10.04 percent. The preferred stock is currently selling for $136.40 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today? Please assist.