Issue of preferred stock outstanding that pays

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Rabie, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity. Required: If this issue currently sells for $80.50 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131063237

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Issue of preferred stock outstanding that pays : Rabie, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity. Required: If this issue currently sells for $80.50 per share, what is the required return?

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