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A preferred stock pays an annual dividend of $7.50. If the return required by shareholders is 11% and the company is expecting its earnings growth

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A preferred stock pays an annual dividend of $7.50. If the return required by shareholders is 11% and the company is expecting its earnings growth of 4%, then the price per share for this preferred stock is $187.50 $75.11 $107.14 $68.18

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