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1. Ameren has issued a preferred stock which pays a $6.50 fixed annual dividend and your required return for such an investment is 8%. What

1. Ameren has issued a preferred stock which pays a $6.50 fixed annual dividend and your required return for such an investment is 8%. What price should you pay for this preferred stock?

2. What is the future value of $1,575 a year for 25 years at 6.3 percent interest, compounded annually?

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