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Assume Goldman Sachs's preferred stock pays an annual dividend of $1.80 and the investors required rate of return is 8 percent. What is the value

Assume Goldman Sachs's preferred stock pays an annual dividend of $1.80 and the investors required rate of return is 8 percent. What is the value of this preferred stock? O $22.50 O $20.50 O $21.25 O $24.50

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