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and lowest? Assuming a required rate of return of 10%, which of the following stocks should have the lowest price? A preferred stock with annual

and lowest?
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Assuming a required rate of return of 10%, which of the following stocks should have the lowest price? A preferred stock with annual dividend of $1.50 A common stock with an expected dividend of $1.50 in the next twelve months and annual dividend increases of 2% per year A common stock with an expected dividend of $2.00 in the next twelve months and annual dividend increases of 29 per year A common stock with an expected dividend of $1.50 in the next twelve months and annual dividend reduction of 2% per year

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