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A preferred stock pays dividends of $5.28 per share each year indefinitely. The stock is currently selling for $66.71 per share. What is the appropriate
A preferred stock pays dividends of $5.28 per share each year indefinitely. The stock is currently selling for $66.71 per share. What is the appropriate discount rate for this preferred stock?
Group of answer choices
3.52%
5.93%
7.91%
9.84%
12.63%
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