(Answered) Preferdiv incs preferred stock pays a 271 dividend every

Accounting

PREFERDIV INC's preferred stock pays a $2.71 dividend every quarter forever. If the stock currently sells for $34.31, 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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