Rabie inc has an issue of preferred stock outstanding that, Ask an Expert

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Rabie, Inc., has an issue of preferred stock outstanding that pays a $5.30 dividend every year, in perpetuity. Required: If this issue currently sells for $80.25 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Required return %

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