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60. Fantasia is considering the purchase of a preferred stock that pays a fixed dividend of $6 per year. If her required rate of return

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60. Fantasia is considering the purchase of a preferred stock that pays a fixed dividend of $6 per year. If her required rate of return is 9%, what is the maximum that Fantasia will pay for this stock using the zero-growth dividend model? a. $57.50. b. $66.67. O c. $67.50. O d. $73.50

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