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Ace Corporation preferred stock pays a $4 dividend that remains constant and is currently selling at $47.50. What is required rate of return on the

Ace Corporation preferred stock pays a $4 dividend that remains constant and is currently selling at $47.50. What is required rate of return on the stock?

A. 7.5%
B. 8%
C. 8.4%
D. 12.5%
E. 16%

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