FIN 571 CHAPTER 5 A12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25

FIN 571 CHAPTER 5 A12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25

FIN 571 CH5 A12 James River

A12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is nongrowing. What is the required return on James River preferred stock?

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