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A corporation has preferred shares which pay a dividend of $3.21 per share every year, given an expected common stock dividend growth rate of 2.20%,

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A corporation has preferred shares which pay a dividend of $3.21 per share every year, given an expected common stock dividend growth rate of 2.20%, and a discount rate of 16.40%, what is the price per share of the stock preferred stock? a. $145.91 b. $-22.61 c. $23.10 d. $19.57

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