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AAA's preferred stock currently sells for $87 per share and pays a dividend of $6. Its par value is $100. What is the required rate

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AAA's preferred stock currently sells for $87 per share and pays a dividend of $6. Its par value is $100. What is the required rate of return for AAA's preferred stock? O A. 6.9% O B. 6.0% O C. 9.3% D. 14.5%

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