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(1 point) (Exercise 6.35) A preferred stock pays a $25 dividend at the end of the first year, with each successive annual dividend being 4%

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(1 point) (Exercise 6.35) A preferred stock pays a $25 dividend at the end of the first year, with each successive annual dividend being 4% greater than the preceding one. What level annual dividend would he equivalent if i=8% ? ANSWER =$

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