The Preferred Stock of Rail Lines,Inc

question 66

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

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