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ANSWER ASAP A preferred stock has just paid its annual dividend of $4.70 has a required rate of return of 9.0%. What should be the

ANSWER ASAP

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A preferred stock has just paid its annual dividend of $4.70 has a required rate of return of 9.0%. What should be the market price of this preferred stock? Note: Your answer must be given in percentage terms and accurate to within one cent

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