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A corporation has preferred shares which pay a dividend of $0.95 per share every year, given an expected common stock dividend growth rate of 5.30%,

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A corporation has preferred shares which pay a dividend of $0.95 per share every year, given an expected common stock dividend growth rate of 5.30%, and a discount rate of 20.10%, what is the price per share of the stock preferred stock? a. $6.42 b. $17.92 c. $6.76 d. $4.73

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