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2. A perpetual stock, par value $100, pays an annual dividend of $15 and is callable at $112. If investors desire a return of 20%,
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A perpetual stock, par value $100, pays an annual dividend of $15 and is callable at $112. If investors desire a return of 20%, the current market price is: i) $ 15.00. ii) $ 75.00. iii) $100.00. iv) $112.00. v) $115.00.
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