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#18 The market price of a share of preferred stock is $23.68 and the dividend is $2.13. What discount rate did the market use to

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#18 The market price of a share of preferred stock is $23.68 and the dividend is $2.13. What discount rate did the market use to value the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) unanswered not submitted Attempts Remaining: 20

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