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23. Preferred Stock A preferred stock from a corporation pays $3.00 in annual dividends. If the required retum on the preferred stock is 9.3% and
23. Preferred Stock A preferred stock from a corporation pays $3.00 in annual dividends. If the required retum on the preferred stock is 9.3% and the company's bet af 1.5. Common stock dividend is expected to growth at a rate of 4%. What is the value of the preferred stock? $32.26 O $33.55 $34.89 $38.49
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