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31) A firm's preferred stock is selling at $93.21 /share. It will pay an annual dividend of $2.91 per year in perpetuity. Compute the implied
31) A firm's preferred stock is selling at $93.21 /share. It will pay an annual dividend of $2.91 per year in perpetuity. Compute the implied rate of return of this preferred stock? A) 2.92% B) 2.81% C) 3.12% D) 3.20% E) 3.57%
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