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A preferred stock pays an annual dividend of $2.60. What is one share of this stock worth today if the rate of return is 11.75%
A preferred stock pays an annual dividend of $2.60. What is one share of this stock worth today if the rate of return is 11.75%
A. $18.48
B. $22.13
C. 25.48
D. 28.80
E. 30.55
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