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A share of preferred stock pays an annual dividend of $10 per share. If investors require an 10 percent rate of return, what should be

A share of preferred stock pays an annual dividend of $10 per share. If investors require an 10 percent rate of return, what should be the price of this preferred stock?

A) 57.25

B) 50.00

C) 62.50

D) 100.00

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