Blue diamond preferred stock is currently selling for 3855


Blue Diamond preferred stock is currently selling for $38.55. The company pays $6.81 in annual dividends on this preferred stock. What rate of return will the investor expect to receive on this stock if the stock is purchased today? Round the answer to two decimal places in percentage form.

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Financial Management: Blue diamond preferred stock is currently selling for 3855
Reference No:- TGS01714289

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