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Anzac Corporation issued preference shares 8 years ago at a par value of $10.00 per share. If preference shares are paying $1.36 in dividends per

Anzac Corporation issued preference shares 8 years ago at a par value of $10.00 per share. If preference shares are paying $1.36 in dividends per year and the current market price is $10.16, what is the required return for Anzac's preference shares?

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