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35. You are interested in buying a preferred stock that pays a $6.00 dividend annually. The preferred is perpetual and will pay the $6.00 forever.

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35. You are interested in buying a preferred stock that pays a $6.00 dividend annually. The preferred is perpetual and will pay the $6.00 forever. If you require an 8% return, how much will you pay for the preferred? A. $4.80 B. $60.00 C. $75.00 D. $100.00

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