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  3. a share of perpetual preferred stock pays an annua

A share of perpetual preferred stock pays an annual dividend of $15 per share. The...

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Finance

A share of perpetual preferred stock pays an annual dividend of $15 per share. The expected price of the stock is $125. What should be the investors require rate of return? a. 13.5% b. 15.0% c. 13.39% d. 12.0% e. 8.33%

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