Din’s preferred stock has a par value of RM100, sells for RM85 and pays RM11 each year in dividends. What is the require

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answerhappygod
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Din’s preferred stock has a par value of RM100, sells for RM85 and pays RM11 each year in dividends. What is the require

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Din’s preferred stock has a par value of RM100, sells for RM85and pays RM11 each year in dividends. What is the required rate ofreturn?
Select one: a. 11% b. 1.29% c. 8.5% d. 12.9 %
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