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What is the required rate of return on a preferred stock with a $50 par value, a stated annual dividend of 12% of par, and a current market price of (a) $67, (b) $76, (c) $110, and (d) $136 (assume the market is in equilibrium with the required return equal to the expected return)? Round the answers to two decimal places. (please calculate in excel and show work)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92860054

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