preferred stock

Project Description:

a company has an issue of preferred stock outstanding which pays a dividend of $9.50 at the end of each year, in perpetuity. if this issue currently sells for $85 per share, what is required return?

a.12.13% b. 11.56% c. 11.93% d.11.18%
e.none of the above.
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Price Type: Negotiable

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