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What is the required return-smiling elephant

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Reference no: EM132528937

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity. If this issue currently sells for $80.50 per share, what is the required return

Reference no: EM132528937

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What is the required return-smiling elephant : Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity.
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