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A new preferred stock will pay a $20 dividend per year, but the best dividend will not be paid until 20 years from today. If

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A new preferred stock will pay a $20 dividend per year, but the best dividend will not be paid until 20 years from today. If you require a 9 percent return on this stock. Ivow much should you pay today? O $43.22 0 $222.22 None of the above O $55.12

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