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30. Attempts Score / 2 30. Problem 9.08 (Preferred Stock Valuation) cent. a. What is the stock's value? $ b. Suppose interest rates rise and

30.

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Attempts Score / 2 30. Problem 9.08 (Preferred Stock Valuation) cent. a. What is the stock's value? $ b. Suppose interest rates rise and pull the preferred stock's yield up to 11%. What is its new market value? $

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