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Dins preferred stock has a par value of RM100, sells for RM85 and pays RM11 each year in dividends. What is the required rate of

Dins preferred stock has a par value of RM100, sells for RM85 and pays RM11 each year in dividends. What is the required rate of return?

Select one: a. 11% b. 1.29% c. 8.5% d. 12.9 %

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