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Q.7.) PREFERRED STOCK VALUATION Fee Founders has perpetual preferred stock outstanding that sells for $50 a share and pays a dividend of $4 at the

Q.7.) PREFERRED STOCK VALUATION Fee Founders has perpetual preferred stock outstanding that sells for $50 a share and pays a dividend of $4 at the end of each year. What is the required rate of return? Round to TWO decimal place.

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