Xyz stock just paid a dividend of 10 per share on its, Financial Management

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Xyz stock just paid a dividend of 10 per share on its

XYZ stock just paid a dividend of $10 per share on its preferred stock. The par value of the preferred is $100 and the shares current trade for $115 per share. Calculate the required rate of return on this investment. (Enter percentages as decimals and round to 4 decimals)

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