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A company has issued preferred stock with an annual dividend of $2.46 that will be paid in perpetuity. The current price of the stock is
A company has issued preferred stock with an annual dividend of $2.46 that will be paid in perpetuity. The current price of the stock is $51.14. What is the expected rate of return on the preferred stock? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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Behavioural Approaches To Corporate Governance
Authors: Cameron Elliott Gordon
1st Edition
1138611395, 978-1138611399
