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.) $30, b.) $40 c.) $50 d.) $70 assumes the market is in equilbrium with the required return equal to the expected return? Please show all steps

Reference no: EM13985607

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