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dividend paid ? The preferred stock of Sandhill Corp. is currently selling at $46.00. If the required rate of return is 11.0 percent, what is

dividend paid ?

The preferred stock of Sandhill Corp. is currently selling at $46.00. If the required rate of return is 11.0 percent, what is the dividend paid by this stock? (Round answer to 2 decimal places, e. 15. 25.)

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