A

B

C

D

E

F

$1$

Fegley, Inc., has an issue of preferred stock

$2$ outstanding that pays a $$3\mathrm{.}80$ dividend every year in perpetuity. If this issue currently sells for $$93$ per share, what is the required return?

$3$

$4$ Input area:

$5$

$6$

$7$

$\backslash$table$[[$Dividend$,$$$3\mathrm{.}80$

PLEASE ANSWER IN EXCELL FORMULAS ONLY. Thank you :$)$

Last person even with this comment above did not use excel formulas. I need excel formulas for this.