Problem 9.17 Each quarter, Pharoah, Inc., pays a dividend on its perpetual preferred stock. Today the stock is selling at $63.20. If the required rate of return for such stocks is 20.00 percent, what is the quarterly dividend paid by this Pharoah? (Round answer to 2 decimal places, e.g. 15.25.) Quarterly dividend paid Click if you would like to Show Work for this question: Qpen Show Work Question Attempts: 0 of 2 used