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11. Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required return on this

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11. Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required return on this preferred stock is 7.5\%, at what price should the stock sell? a. $94.27 b. $96.95 c. $100.00 d. $112.50 e. $115,38

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