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What is the required return on the preferred shares of TH Incorporated? The price of the TH preferred share is $75, the par value of

What is the required return on the preferred shares of TH Incorporated? The price of the TH preferred share is $75, the par value of the share is $85 and the dividend rate is 11%.

a. 13.2%

b. 9.7%

c. 11%

d. 12.5%

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