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1. The preferred stock of ABC Corp. has a par value of $100 and a $6 dividend. You require an 8% return on this stock.

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1. The preferred stock of ABC Corp. has a par value of $100 and a $6 dividend. You require an 8% return on this stock. (6 points - 3 each) a. What is the maximum price you would pay for it? b. Would you buy it if the market price were $757 Explain your

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