13)Kin Corp. has preferred stock that was issued 3 years ago. It currently sells for $33.50 and pays a dividend of 2.14 per share. What is the rate of return on the preferred stock? Group of answer choices 6.4% 19.2% 7.80% 4.70%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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13)Kin Corp. has preferred stock that was issued 3 years ago. It currently sells for $33.50 and pays a dividend of 2.14 per share. What is the rate of return on the preferred stock?

Group of answer choices
6.4%
19.2%
7.80%
4.70%
 
 
 
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