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James River - D(Dividend)= $3.38 P(Current Price)= $45.25...

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(Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The  preferred dividend is nongrowing. What is the required return on James River preferred stock?
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Unformatted text preview: D(Dividend)= $3.38 P(Current Price)= $45.25 Required Return= D/P= 0.07469 6 7.46 %...
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