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Apple TV has the following preferred stocks outstanding: A - $50 annual dividend; $1,000 par value; no maturity B - $105 annual dividend; $1,000 par

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Apple TV has the following preferred stocks outstanding: A - $50 annual dividend; $1,000 par value; no maturity B - $105 annual dividend; $1,000 par value; maturity after 25 years If comparable yields are 8%, what should be the price of each preferred stock? I*

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