Venus,Inc.has an issue of preferred stock outstanding that pays a $9.00 dividend every year,in perpetuity.If this issue currently sells for $164.60 per share,what is the required return?
A) 5.47 percent
B) 6.89 percent
C) 7.70 percent
D) 8.23 percent
E) 8.98 percent
Correct Answer:
Verified
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