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(Answered)-Lithium Lakes Industries preferred stock has a par value of $100


Lithium Lakes Industries preferred stock has a par value of $100 and pays a dividend of $6.00 per share. It presently sells for $87 per share. What do investors require as a rate of return on this stock? Round off to the nearest .10%.

14.5%
9.3%
6.9%
6.0%

 


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Oct 07, 2020

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