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You are examining a company that issues preferred stock. It pays a $4.90 dividend every year, for the forseeable future. The current price is $80.05
You are examining a company that issues preferred stock. It pays a $4.90 dividend every year, for the forseeable future. The current price is $80.05 per share. What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.)
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