Fee Founders has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred stock sells for $60 a share. What is the preferred stock’s required rate of return?

(5/60) = 8.33%

My answer doesn't help or anyhitng but I thought id let everyone know that I thought the subject was preferred SOCkS lmao
Sry for the no help answer :P
I thought it was funny

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