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A share of preferred stock pays dividends of $5 per year. The price of the stock is $80 per share. What is the required rate

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A share of preferred stock pays dividends of $5 per year. The price of the stock is $80 per share. What is the required rate of return for investors in this preferred stock? A. 12% B. 10% C. 6.25% D. 9.38%

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