Each quarter, Blossom, Inc., pays a dividend on its perpetual preferred stock. Today the stock...
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Each quarter, Blossom, Inc., pays a dividend on its perpetual preferred stock. Today the stock is selling at $62.00. If the required rate of return for such stocks is 14.0 percent, what is the quarterly dividend paid by Blossom? (Round answer to 2 decimal places, e.g. 15.25.)
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