Potters voilin co has just issued non converitible, Financial Management

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Potters voilin co has just issued non converitible

Potter's Voilin Co. has just issued non converitible perferred stocks with a par value of $100 and an annual didvidend rate of 15.70 percent. The perfeerd stock ia currently selling for $145.28 per share. Which rate of return does the investor expect to recieve on this stock, if the stock is purchased today?

Round to two decimal places in percentage form.

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