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The preferred stock for Gimlet is currently priced at $48.00. If the stock pays a...

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Finance

The preferred stock for Gimlet is currently priced at $48.00. If the stock pays a dividend of $2.35 every year, what is the required rate of return for this stock? a. 4.53% b. 4.90% c. 5.42% d. 5.97%

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