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8. Valuing Preferred Stock [L01] Bedekar, Inc., has an issue of preferred stock out- standing that pays a $3.40 dividend every year in perpetuity. If

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8. Valuing Preferred Stock [L01] Bedekar, Inc., has an issue of preferred stock out- standing that pays a $3.40 dividend every year in perpetuity. If this issue currently sells for $91 per share, what is the required return

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