ei LUR Save Submit Assignment for Grading stions Problem 9.06 (Preferred Stock Valuation) Question 7 of 12 Check My Work (2 remaining) LE eBook . Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend of $5.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places O . Check My Work (2 remaining) 0-lcon Key Problem 9.06 Preferred Stock Valuation) Question 7 of 12 Submit Assigment for Grading Save