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FETs preferred stock is selling at $54 on the market and pays an annual dividend of $4.20 per share. What is the expected rate of

FETs preferred stock is selling at $54 on the market and pays an annual dividend of $4.20 per share. What is the expected rate of return on the stock? If an investor's required rate of return is 10%, what is the value of the stock to that investor? Considering the investor's required rate of return, does this stock seem to be a desirable investment?

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