Currently his preferred stock makes up approximately 15 of, Financial Management

Currently his preferred stock makes up approximately 15 of

Timothy's firm has preferred stock outstanding that pays a current dividend of $4.00 per year and has a current price of $32.25. Currently, his preferred stock makes up approximately 15% of his firm's long-term financing.

What is the market required rate of return on Timothy's firm's preferred stock?

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Financial Management: Currently his preferred stock makes up approximately 15 of

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