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What is the required rate of return on a preferred stock with a $49 par value, an annual dividend of $ 3.00, and a current

What is the required rate of return on a preferred stock with a $49 par value, an annual dividend of $ 3.00, and a current market price of 1) $30, 2) $45, 3) $55 and 4) $75 ? Use the formula, Dividends/Current Market Price.

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