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A perpetual preferred stock has a par value of $75 per share and the dividend rate is 6.25% per year. If its price is $67.69
A perpetual preferred stock has a par value of $75 per share and the dividend rate is 6.25% per year. If its price is $67.69 per share, what annual return do investors require? 1) 7.4% 2) 8.1% O 3) 7.7% 4) 6.9% 5) 6.5%
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