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1.Preferred shares of Bessner Inc. were sold at a par value of $100 each, entitling the investor to an annual dividend of $4.50. What is
1.Preferred shares of Bessner Inc. were sold at a par value of $100 each, entitling the investor to an annual dividend of $4.50. What is the price of the stock now if:
a.current preferred stocks are giving investors a 5% return?
b. current preferred stocks are giving investors a 10% return?
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