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The preferred stock of Sunland Corp. is currently selling at $45.50. If the required rate of return is 14.0 percent, what is the dividend. paid

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The preferred stock of Sunland Corp. is currently selling at $45.50. If the required rate of return is 14.0 percent, what is the dividend. paid by this stock? (Round ariswer to 2 decinal ploce, es, 15.25] Dlvidend pald

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