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Morris Companies Preferred Stock Pays a Constant $5

Question 54

Multiple Choice

Morris Companies preferred stock pays a constant $5.75 dividend every year. What is the required return if the stock price is $54.09 per share?

A) 10.63 percent
B) 11.02 percent
C) 11.08 percent
D) 11.84 percent
E) 10.95 percent

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