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Builtrite preferred stock has a 5% coupon based on a par value of $50 a share. Currently, investors require a 4% return. What is the

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Builtrite preferred stock has a 5% coupon based on a par value of $50 a share. Currently, investors require a 4% return. What is the value of Builtrite's preferred stock? O $62.50 O $80 0 $75 O $60

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