Lakes industries preferred stock has par value of 100 and
lakes industries preferred stock has par value of $100 and pays dividends of $6 er share. it presently sells for $87 per share. what do investors require s a rate of return on this stock? round off to the nearest .10%
a. 6.9%
b. 6%
c. 14.5 %
d. 9.3%
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