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Business, 25.06.2020 02:01 spers008278

Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend yield of 7.50% and a par value of $60. If the market value for the preferred stock is $70, what is the required return on this preferred stock?

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Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend yield of 7....
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