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17. How much will an investor pay for a preffered stock that pays a $0.50 per share dividend if the investor requires a 25% return?
17. How much will an investor pay for a preffered stock that pays a $0.50 per share dividend if the investor requires a 25% return?
a. $0.63
b. $0.40
c. $2.00
d $2.50
e. none of the listed items is correct
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