Multiple Choice
The preferred stock of Rail Lines,Inc.,pays an annual dividend of $12.25 and sells for $59.70 a share.What is the rate of return on this security?
A) 19.38 percent
B) 19.63 percent
C) 20.52 percent
D) 20.72 percent
E) 20.84 percent
Correct Answer:
Verified
Correct Answer:
Verified
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