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corporate finance please have the answer using the formula Moraine, Inc, has an issue of preferred stock outstanding that pays a 53.50 dividend overy year

corporate finance
please have the answer using the formula
image text in transcribed
Moraine, Inc, has an issue of preferred stock outstanding that pays a 53.50 dividend overy year in perpotuity. If this issue currently selis for $85 por share, what is the required return? Complote the following analysis. Do not hard code values in your calculations

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