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The Cedar Realty Trust Inc. 7.25% Series B Preferred Stock (CDR.PRB) pays an annual dividend of USD 1.8125 and has a market price of USD

The Cedar Realty Trust Inc. 7.25% Series B Preferred Stock (CDR.PRB) pays an annual dividend of USD 1.8125 and has a market price of USD 14.62 What is the required rate of return (i.e. the discount rate)?

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