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3. (Required return for a preferred stock) Durham Paper $3.38 preferred is selling for $45.25. The preferred dividend is non-growing. What is the

3. (Required return for a preferred stock) Durham Paper $3.38 preferred is selling for $45.25. The preferred dividend is non-growing. What is the required return on Durham Paper preferred stock?

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(Required return for a preferred stock) Durham Paper $3.38 preferred is selling for $45.25. The preferred dividend is nongrowing. What is the required return on Durham Paper preferred...

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