Morris Companies has an issue of preferred stock outstanding that pays a $7.75 dividend every year in perpetuity. What is the required return if this issue currently sells for $68.19 per share?
A. 10.95 percent
B. 11.37 percent
C. 11.86 percent
D. 11.72 percent
E. 11.80 percent
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Home » Business » Morris Companies has an issue of preferred stock outstanding that pays a $7.75 dividend every year in perpetuity. What is the required return if this issue currently sells for $68.19 per share? A. 10.95 percent B. 11.37 percent C. 11.86 percent D.