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2. Venus Corporation raised money several years ago by issuing preferred stock, with a $100 per share par value. Holders of these preferred shares receive

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2. Venus Corporation raised money several years ago by issuing preferred stock, with a $100 per share par value. Holders of these preferred shares receive an 8.24% stated annual dividend, paid in equal quarterly instaliments Based on the risks of providing money to Venus, rational buyers of these preferred shares require a 9.9512% effective annual rate (EAR) of return, What price should a well-informed investor be willing to pay for each share of Venus preferred stock? What if the required EAR instead were 11.6792%, 7.3967%, or 8.49819

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