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Bedekar, Inc, has an issue of preferred stock outstanding that pays a $3.40 dividend every year in perpetuity. required return? (Do not round intermediate calculations

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Bedekar, Inc, has an issue of preferred stock outstanding that pays a $3.40 dividend every year in perpetuity. required return? (Do not round intermediate calculations and enter your answer as a If this issue currently sells for $91 per share, what is the percent rounded to 2 decimal places, e.g.. 32.16.] Required return

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