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Tango Corporation has preferred stock outstanding that will pay an annual dividend of $2.97 every year in perpetuity. If the stock currently sells for $86

Tango Corporation has preferred stock outstanding that will pay an annual dividend of $2.97 every year in perpetuity. If the stock currently sells for $86 per share, what is the required return?

3.63% 3.15% 2.86% 3.45% 3.17%

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