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An issue of preferred stock that pays an annual dividend of $6 is selling for $32 a share. The annual return on this investment is 8.75% 18.75% 5.33% 4.33%

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An issue of preferred stock that pays an annual dividend of $6 is

selling for $32 a share. The annual return on this investment is

8.75%

18.75%

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5.33%

4.33%

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Use the following coupon
"FIRST15"

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