Question: L A Moving to the next question prevents changes to this answer. Question 9 Miller/Hershey's preferred stock is selling at $54 on the market and

L A Moving to the next question prevents changes to this answer. Question 9 Miller/Hershey's preferred stock is selling at $54 on the market and pays an annual dividend of $4.20 per share. a. What is the expected rate of return on the stock? b. If an investor's required rate of return is 9%, what is the value of the stock for that investor? c. Considering the investor's required rate of return, does this stock seem to be a desirable investment? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). . 1

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