What is the required rate of return on a preferred stock


Preferred Stock Rate of Return

What is the required rate of return on a preferred stock with a $50 par value, a stated dividend of 9% of par, and a current market price of (a) $66, (b) $86, (c) $115, and (d) $137 (assume the market is in equilibrium with the required return equal to the expected return)? Round the answers to two decimal places

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Financial Management: What is the required rate of return on a preferred stock
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