(Answered) Preferdiv incs preferred stock pays a 232 dividend every

Finance

PREFERDIV INC's preferred stock pays a $2.32 dividend every quarter forever. If the stock currently sells for $40.49, what is the investors' required rate of return? Write in the value with 4 decimal points but no % sign. For example, if answer is 7.82%, write in 0.0782.

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