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FETs preferred stock is selling at $44 on the market and pays an annual dividend of $3.20 per share. a. What is the expected rate

FETs preferred stock is selling at $44 on the market and pays an annual dividend of $3.20 per share.

a. What is the expected rate of return on the stock?

b. If an investor's required rate of return is 10%, what is the value of the stock to that investor?

c. Considering the investor's required rate of return, does this stock seem to be a desirable investment?

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