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A company plans to issue preferred stock with a perpetual annual dividend of $2 per share and a par value of $25. If the required

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A company plans to issue preferred stock with a perpetual annual dividend of $2 per share and a par value of $25. If the required return on this stock is currently 8%, what should be the stock's market value? a) $23.00 b) $22.00 Oc) $25.00 d) $26.00 Next Page Page 9 of 12

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