Question: Question 5 (2 points) Rascal, Inc., has an issue of preferred stock outstanding that pays a $10.3 dividend every year in perpetuity. If this issue

 Question 5 (2 points) Rascal, Inc., has an issue of preferred

Question 5 (2 points) Rascal, Inc., has an issue of preferred stock outstanding that pays a $10.3 dividend every year in perpetuity. If this issue currently sells for $92.44 per share, the required return is percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45. Your

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