What is your annual rate of return from the preferred stock

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Reference no: EM131445572

The preferred stock of Marble Comics pays annual dividends of S3 in perpetuity (starting in one year). If you buy a preferred share for $22.36 and hold it in perpetuity, then what is your annual rate of return? Express your answer as a percentage rounded to 2 places, i.e. 12.3456% = 12.35%.

What is your annual rate of return from the preferred stock?

Reference no: EM131445572

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