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A 10% preferred stock is selling for $80 per share. The required rate of return on such stock in the market is 20%. How much

A 10% preferred stock is selling for $80 per share. The required rate of return on such stock in the market is 20%. How much is the average investor willing to pay for this preferred share? All percentages are annual rates. O 20$ O $40 O $30 O $50

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