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What is the required return-crabby hippo inc

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Crabby Hippo, Inc., has an issue of preferred stock outstanding that pays a $4.88 dividend every year, in perpetuity. If this issue currently sells for $50.24 per share, what is the required return? (Do not round intermediate calculations and round your answer to percent with two decimals, i.e. 32.18)

Reference no: EM132785479

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