Question 52 (1 point) A preferred stock will pay a dividend of $2.75 in the upcoming year, and every year thereafter, i.e., dividends are not expected to grow. Given that the current market price is $27.50 per share, what is the required rate of return for this preferred stock? 1) 15% 2) 10% O 3) 17.8% 4) 12% 5) none of the above