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A preferred stock pays an annual dividend of $ 6 . If you want to earn 7 . 5 percent APR on this investment, what
A preferred stock pays an annual dividend of $ If you want to earn percent APR on this investment, what is the maximum amount you should pay to purchase one share of this stock today? Hint: You should treat the cash flows of a preferred stock as a perpetuity.
Group of answer choices
b $
d $
a $
c $
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