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Each quarter, Transam, Inc., pays a dividend on its perpetual preferred stock. Today, the stock is selling at $83.45. If the required rate of return
Each quarter, Transam, Inc., pays a dividend on its perpetual preferred stock. Today, the stock is selling at $83.45. If the required rate of return for such stocks is 10.5 percent, what is the annual dividend paid by the firm? (Do not round intermediate calculations. Round final answer to two decimal places.) Group of answer choices $2.11 $10.5 none of these $2.19 $8.76
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