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E13 x & fx A B D E F G H 67 68 69...

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E13 x & fx A B D E F G H 67 68 69 9.6 PREFERRED STOCK VALUATION 70 Farley Inc. has perpetual preferred stock outstanding that sells for $87.55 71 a share and pays a dividend of $3.67 at the end of each year. Calculate 72 the required rate of return. 73 74 75 76 77 78 79 80 81 82

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