Question: HW 9, Q6 Please help me solve this. I only have 1 attempt and after that is it not possible to get full points, so

HW 9, Q6

Please help me solve this. I only have 1 attempt and after that is it not possible to get full points, so please double check the answers before you post them. Thank you in advance!

HW 9, Q6 Please help me solve this. I only have 1

6. Problem 9.06 (Preferred Stock Valuation) ook Farley Inc. has perpetual preferred stock outstanding that sells for $44 a share and pays a dividend of $4.00 at the end of each year. What is the required rate of return? Round your answer to two decimal places

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