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Secure Co. has preferred shares with a par value of $75, a dividend rate of 6 percent and trade at a price of $58. HRC

Secure Co. has preferred shares with a par value of $75, a dividend rate of 6 percent and trade at a price of $58. HRC Incs preferred shares have a par value of $60, pay a dividend of $2.90 and trade at a market price of $43. Which companys preferred shares have a higher required return? Show your work.

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