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Ayden inc has an issue of preferred stock outstanding that

Ayden, Inc., has an issue of preferred stock outstanding that pays a dividend of $4.95 every year, in perpetuity. This issue currently sells for $94 per share. What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %

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Financial Management: Ayden inc has an issue of preferred stock outstanding that

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Financial Management: Ayden inc has an issue of preferred stock outstanding that

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