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An issue of preferred stock pays an annual dividend of $4.29 while the firm's preferred shareholders require an 8.1% return. The value of this firm

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An issue of preferred stock pays an annual dividend of $4.29 while the firm's preferred shareholders require an 8.1% return. The value of this firm is closest to a. $43.82 b. $52.96. c. $58.03 d. $62.73

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