Potters violin co has just issued nonconvertible preferred, Financial Management

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Potters violin co has just issued nonconvertible preferred

Potter’s Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate Of 19.94 percent. The preferred stock is currently selling for $125.14 per share. Which rate of return does the investor expect to receive on this stock if the stock is purchased today?

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Financial Management: Potters violin co has just issued nonconvertible preferred

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Financial Management: Potters violin co has just issued nonconvertible preferred

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