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An issue of preferred stock is paying an annual dividend of $2.00. The growth rate for the firm's common stock is 5% What is the

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An issue of preferred stock is paying an annual dividend of $2.00. The growth rate for the firm's common stock is 5% What is the preferred stock price of the required rate of return is 8%? (Round your answer to 2 decimal places.) Multiple Choice $2750 O $22.50 $30.00 $25.00

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