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A Corporation pays a dividend of $5.00 per share to the preferred stockholders. If required return of the preferred stockholder is 8%, which of the

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A Corporation pays a dividend of $5.00 per share to the preferred stockholders. If required return of the preferred stockholder is 8%, which of the following would be closest to this stock price? $62.50 $58.25 $40.00 $5.00 QUESTION 18 Read the following information and answer question (18) to (20) and Bonus question. You believe that economic conditions during the next year will be strong, normal, or weak, and you think that the Apple's returns will have the probability distribution shown below. Economic Conditions Strong Normal Weak Prob 20% 30% 50% Apple 20% 10% 8% What's the estimated returns of Apple? 12.67% 15.00% 11.00% 10.00%

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