A perpetual preferred stock's price is $104.78 per share. If its par value is $100 per share

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A perpetual preferred stock's price is $104.78 per share. If its par value is $100 per share and the dividend rate is 5.5% per year, what annual return do investors require?

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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Posted Date: Feb 22, 2024 06:39 AM

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A perpetual preferred stock's price is $104.78 per share. If its par value is $100 per share

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Financial management theory and practice

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