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6 A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock

6 A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock has been estimated to be 16 percent. The value of the preferred stock is A. $64 B. $16 C. $25 D. $50 1 points Save Ansv

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