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A company has perpetual preferred stock outstanding that sells for $33 a share and pays a dividend of $2.45 at the end of each year.
A company has perpetual preferred stock outstanding that sells for $33 a share and pays a dividend of $2.45 at the end of each year. What is the required rate of return? 9.75% 10.13% 9.50% 7.42% 8.17\%
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