Question: Instructor's note: Answer the following question using MS-Excel. Make sure you use list all variables necessary and show all work. A share of Harvard's preferred

Instructor's note: Answer the following question using MS-Excel. Make sure you use list all variables necessary and show all work.

A share of Harvard's preferred stock pays a quarterly dividend of $2.50. If the price of Harvard's preferred stock is currently $50, what is its required rate of return?

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