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A preferred stock will pay a dividend of $1.25 in the upcoming year, and every year thereafter, i.e., dividends are not expected to grow. You
A preferred stock will pay a dividend of $1.25 in the upcoming year, and every year thereafter, i.e., dividends are not expected to grow. You require a return of 12% on this stock. What is your estimated value per share for this preferred stock? A. $11.56 B. $9.65 C. $11.82 D. $10.42
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