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A firm just paid a quarterly preferred share dividend of $1.00. If this dividend is paid 4 times a year and investors require a 20%

A firm just paid a quarterly preferred share dividend of $1.00. If this dividend is paid 4 times a year and investors require a 20% annual return to hold the preferred stock, what price would you expect the shares to trade at in the market. Select one: a. $15.00 b. $5.00 c. $17.50 d. $22.50 e. $20.00.

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