Potters violin co has just issued nonconvertible preffered, Financial Management

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Potters violin co has just issued nonconvertible preffered

Potters Violin Co. has just issued nonconvertible preffered stock with a par value of $100 and an annual dividend rate of 16.37 percent. The preffered stock is currently selling for $101.41 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 preffered

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