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What is the value of one share of this stock

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Reference no: EM132980458

Question - DiFiore Corporation's $100 face value fixed-rate preferred stock pays an annual dividend of $7.50 per share. What is the value of one share of this stock to an investor who requires a rate of return of 9.50%?

a. $71.25

b. $100.00

c. $78.95

d. Cannot determine from the data given

Reference no: EM132980458

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