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A perpetual preferred stock's price is $104.78 per share. If its par value is $100 per share and the dividend rate is 5.5% per year,
A perpetual preferred stock's price is $104.78 per share. If its par value is $100 per share and the dividend rate is 5.5% per year, what annual return do investors require?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
