Whistle Corp.has a preferred stock that pays a dividend of $2.40.If you are willing to purchase the stock at $11,what is your required rate of return? (Round your answer to the nearest .1% and assume that there are no transaction costs.)
A) 21.8%
B) 11.0%
C) 9.1%
D) 20.1%
Correct Answer:
Verified
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