Mackery inc has an outstanding issue of preferred stock, Ask an Expert

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Mackery, Inc., has an outstanding issue of preferred stock that pays a $5.94 dividend every year. If this issue currently sells for $117.1 per share, what return to market investors require on it currently? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
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