Columbus Pet Products has preferred stock outstanding which pays a dividend of $ 4 at the end of each year. The preferre

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Columbus Pet Products has preferred stock outstanding which pays a dividend of $ 4 at the end of each year. The preferre

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Columbus Pet Products has preferred stock outstanding which paysa dividend of $ 4 at the end of each year. The preferred stocksells for $ 41.01 a share. What is the preferred stock's requiredrate of return? Answer in a percentage and round it to two decimalplaces, i.e., 13.24 for 0.1324.
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