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5) Jack Co.'s preferred stock has a yield of 10% of its $40 face value. Investors required rate of return is 12%. The price of

5) Jack Co.'s preferred stock has a yield of 10% of its $40 face value. Investors required rate of return is 12%. The price of Jack Co's preferred stock is: A. $30.00 B. $33.33 C. $36.67 D. $40.00 E. $46.67

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