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What is the preferred stock price if required rate of return

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Reference no: EM132905714

Problem 1: An issue of preferred stock is paying an annual dividend of $6. What is the preferred stock price if the required rate of return is 14%?

Select one:

a. $45.45
b. $42.85
c. $35.71
d. none of the other answers are correct

Reference no: EM132905714

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