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Amalgamated Industries' preferred stock pays an annual dividend of $2.00. If investors require a return of 14%, what price should the preferred stock sell for?

Amalgamated Industries' preferred stock pays an annual dividend of $2.00. If investors require a return of 14%, what price should the preferred stock sell for? $14.29 $14.86 $15.43 $16.00 $16.29

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