You have just purchased a share of preferred - 2814

You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.50 per share forever. What is the rate of return on your investment?

a.           .055

b.           .010

c.           .110

d.           .220

You have just purchased a share of preferred stock for $50.00. The preferred stock p