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667 QUESTION 7 The preferred stock of a company pays a $2.25 quarterly dividends. If the preferred stockholders' required returi ia 9.7546 for these shares,

667 QUESTION 7 The preferred stock of a company pays a $2.25 quarterly dividends. If the preferred stockholders' required returi ia 9.7546 for these shares, what price should the preferred stock sell for? O 8235 114.29 92 31 151.72 167.74

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