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Your firm has preferred stock outstanding that pays a current dividend of $2.50 per year and has a current price of $25.00. Currently, preferred stock

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Your firm has preferred stock outstanding that pays a current dividend of $2.50 per year and has a current price of $25.00. Currently, preferred stock makes up approximately 5% of your firm's long-term financing. What is the market required rate of return on your firm's preferred stock? O A. 9.00% OB. 10.00% OC. 9.30% OD. 8.36%

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