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Business, 07.03.2020 02:48 wilkoASK2919

Bedeker, Inc., has an issue of preferred stock outstanding that pays a $5.55 dividend every year in perpetuity. If this issue currently sells for $92 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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