What is the required rate of return on a preferred stock

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What is the required rate of return on a preferred stock with a $50 par value, a stated annual dividend of 7% of par, and a current market price of (a) $51, (b) $77, (c) $120, and (d) $146 (assume the market is in equilibrium with the required return equal to the expected return)? Round the answers to two decimal places.

Reference no: EM13878593

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