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13-03-2024
Business

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Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share.

What is its effective annual (not nominal) rate of return?

a. 7.03%
b. 6.62%
c. 7.47%
d. 6.82%
e. 7.25%

Respuesta :

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