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A preferred share recently paid an annual dividend of $ 9 . 0 0 . Investors require a 1 0 . 0 0 % return.

A preferred share recently paid an annual dividend of $9.00. Investors require a 10.00% return. The firm's tax rate is 25% and is expected to experience growth of 8.00%. How much should investors be willing to pay?
Select one:
a. $90.00
b. $97.20
C. $72.90
d. $112.50
e. $121.50
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