Issue of preferred stock-what is the required return

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Reference no: EM13880122

Moraine, Inc., has an issue of preferred stock outstanding that pays a $3.15 dividend every year in perpetuity. If this issue currently sells for $92 per share, what is the required return?

Reference no: EM13880122

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Issue of preferred stock-what is the required return : Moraine, Inc., has an issue of preferred stock outstanding that pays a $3.15 dividend every year in perpetuity. If this issue currently sells for $92 per share, what is the required return?

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