Juniper Inc issued preferred shares 30 years ago with a par value of $60. Today, the shares are selling for $50. What is the required rate of return if the preferred shares pay an annual dividend of 6.0%?
Question 21 options:
a)
20.0%
b)
11.11%
c)
6.00%
d)
5.00%
e)
7.2%
