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5-13 Practice Question 13 You have received a share of preferred stock that pays an annual dividend of $10. Similar preferred stock issues are yielding

5-13

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Practice Question 13 You have received a share of preferred stock that pays an annual dividend of $10. Similar preferred stock issues are yielding 22.5%. What is the value of this share of preferred stock? (Round answer to two decimal places.) $41.50 $46.67 $45.67 $44.44

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