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A preferred stock pays a $4.50 annual dividend. What is the maximum price you are willing to pay for one share of this stock today

A preferred stock pays a $4.50 annual dividend. What is the maximum price you are willing to pay for one share of this stock today if your required return is 8.5 percent? O $52.94 $35.48 $57.50 $41.47 $38.25 Oo oo

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