Find out the rate of return on security


Problem:

The preferred stock of Rail Lines, Inc., pays an annual dividend of $12.25 and sells for $59.70 a share.

Required:

Question: What is the rate of return on this security?

  • 19.38 percent
  • 19.63 percent
  • 20.52 percent
  • 20.72 percent
  • 20.84 percent

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Accounting Basics: Find out the rate of return on security
Reference No:- TGS0892464

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