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#6 Aladdins Carpet Corporation has preferred shares selling for $44.33 on the secondary market. The shares pay an annual dividend of $4.09 each and have

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Aladdins Carpet Corporation has preferred shares selling for $44.33 on the secondary market. The shares pay an annual dividend of $4.09 each and have a par value of $100 per share. Based on the selling price today, what is the required return asked for by investors?

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