Question: 3. (10 pts.) Complete using excel and showing formula. Lane Fast Food Corp. has an issue of preferred stock outstanding that pays a $4.15 dividend

3. (10 pts.) Complete using excel and showing formula. Lane Fast Food Corp. has an issue of preferred stock outstanding that pays a $4.15 dividend every year in perpetuity. If this issue currently sells for $95 per share, what is the required return

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