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6. If a NormaCompany preferred stock has a residual value of $ 15, a dividend rate of 5.25% and a required rate of return of

6. If a NormaCompany preferred stock has a residual value of $ 15, a dividend rate of 5.25% and a required rate of return of 10%

How much should this preferred action be worth?

Possible answers:

7.88

7.09

7.99

7.59

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