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1. LSP Co. has an issue of preferred stock outstanding that pays a $5.50 dividend every year in perpetuity. If the required return of this
1. LSP Co. has an issue of preferred stock outstanding that pays a $5.50 dividend every year in perpetuity. If the required return of this stock is 5%, what is the selling price per share? * O a) $110 O b) $112 c) $113 d) $114 e) None of the above
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