Question
Fee Founders has outstanding perpetual preferred shares that sell for $44.00 per share and pay a dividend of $4.00 at the end of each year.
Fee Founders has outstanding perpetual preferred shares that sell for $44.00 per share and pay a dividend of $4.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places.
______________?%
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
