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Timothy's firm has preferred stock outstanding that pays a current dividend of $4.00 per year and has a current price of $32.25. Currently, his preferred
Timothy's firm has preferred stock outstanding that pays a current dividend of $4.00 per year and has a current price of $32.25. Currently, his preferred stock makes up approximately 15% of his firm's long-term financing. What is the market required rate of return on Timothy's firm's preferred stock?
9.40% | ||
12.4% | ||
18.04% | ||
9.00% |
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