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Please show work and steps in excel What is the required rate of return on a preferred stock with a $50 par value, a stated

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Please show work and steps in excel
What is the required rate of return on a preferred stock with a $50 par value, a stated annual dividend of 7% of par, and a current market price of $30, $40, $50 and $70 (assume the market is in equilibrium with the required return equal to the expected return)

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