Question ayden inc has an issue of preferred stock, Ask an Expert

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Question: Ayden, Inc., has an issue of preferred stock outstanding that pays a dividend of $4.15 every year, in perpetuity. This issue currently sells for $95 per share.

What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Category:- Basic Finance
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