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9 I am considering buying a preferred stock for $90 per share. The stock has an annual dividend of $16 and I expect to be

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9 I am considering buying a preferred stock for $90 per share. The stock has an annual dividend of $16 and I expect to be able to sell it for its $100 per share face value in three years. What is the required rate of 4 return of the stock? 5 Cash Flows C 6 1 Year (n) 7

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