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36. lakes industries preferred stock has par value of $100 and pays dividends of $6 er share. it presently sells for $87 per share. what

36. lakes industries preferred stock has par value of $100 and pays dividends of $6 er share. it presently sells for $87 per share. what do investors require s a rate of return on this stock? round off to the nearest .10%

a. 6.9%

b. 6%

c.14.5 %

d. 9.3%

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