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Rascal, Inc., has an issue of preferred stock outstanding that pays a $ 1 0 . 2 dividend every year in perpetuity. If this issue
Rascal, Inc., has an issue of preferred stock outstanding that pays a $ dividend every year in perpetuity. If this issue currently sells for $ per share, the required return is percent. Express in percentage without the sign, and round it to two decimal places, eg
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