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Rascal, Inc., has an issue of preferred stock outstanding that pays a $7.9 dividend every year in perpetuity. If this issue currently sells for $90.21

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Rascal, Inc., has an issue of preferred stock outstanding that pays a $7.9 dividend every year in perpetuity. If this issue currently sells for $90.21 per share, the required return is percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45. Your

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