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32. COB preferred stock has an 8% stated dividend percentage, and a S 100 par value. What alue of the stock if your required rate

32. COB preferred stock has an 8% stated dividend percentage, and a S 100 par value. What alue of the stock if your required rate of return is 11% per year (round to the nearest dollar)? a. $112.50 b. $72.73 c. $108.00 d. $88.89 l0 08 eS66.67

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