Rascal, Inc., has an issue of preferred stock outstanding that pays a $9.7 dividend every year in
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Rascal, Inc., has an issue of preferred stock outstanding that pays a $9.7 dividend every year in perpetuity. If this issue currently sells for $90.35 pershare, the required return is ___________ percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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