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What return to market investors require on currently

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Mackery, Inc., has an outstanding issue of preferred stock that pays a $7.2 dividend every year. If this issue currently sells for $104.86 per share, what return to market investors require on it currently? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131890773

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