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Brian is considering purchasing some preferred stock from Carla Vista Corp. The company pays a $7 annual dividend per share on its preferred stock, and

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Brian is considering purchasing some preferred stock from Carla Vista Corp. The company pays a $7 annual dividend per share on its preferred stock, and similar risk companies are earning 9% annual returns. What should be the value of the stock per share? O $6.30 O $777.78 $63.00 O $77.78

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