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(Preferred stockholder expected return )You are considering the purchase of Kline, Inc. stock at a market...

(Preferred stockholder expected return )You are considering the purchase of Kline, Inc. stock at a market price of $40.88 per share. Assume the stock pays an annual dividend of $2.34. What would be your expected return? Should you purchase the stock if your required return is 44 percent?

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