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Volcanic Corporation has preferred stock outstanding that will pay an annual dividend of $3.81 every year in perpetuity. If the stock currently sells for $98.31

Volcanic Corporation has preferred stock outstanding that will pay an annual dividend of $3.81 every year in perpetuity. If the stock currently sells for $98.31 per share, what is the required return? Multiple Choice 3.63% 2.58% 3.49% 3.88% 4.43%

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