Solution-Preferred stock required rate of return

Preferred stock required rate of return

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Columbus Pet Products has preferred stock outstanding which pays a dividend of $3 at the end of each year. The preferred stock sells for $41.05 a share. What is the preferred stock's required rate of return? Answer in a percentage and round it to two decimal places, i.e.,13.24for 0.1324.

Reference no: EM131434735

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Preferred stock required rate of return

Reference no: EM131434735

Reference no: EM131434735

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