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An issue of preferred stock is paying an annual dividend of $5. The growth rate for the firm's common stock is 14%. What is the

An issue of preferred stock is paying an annual dividend of $5. The growth rate for the firm's common stock is 14%. What is the price of the preferred stock if the required rate of return is 10%?

a.Show formula (0.1 point)

b.Show all work (0.2 point)

c.Present answer (0.1 point)

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