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A preferred stock pays annual dividends of $1.80 per share. What is this stock worth to you today if you desire a 14.5 percent return

A preferred stock pays annual dividends of $1.80 per share. What is this stock worth to you today if you desire a 14.5 percent return on this investment? O $12.41 O $11.58 O $11.87 O $26.10 $25,98

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