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CANADIAN CITY DUBAI Question 1( 3 Marks) ABC Corporation's preferred shares are trading for $35 in the market and pay a $5.00 annual dividend. Assume

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CANADIAN CITY DUBAI Question 1( 3 Marks) ABC Corporation's preferred shares are trading for $35 in the market and pay a $5.00 annual dividend. Assume that the market's required yield is 15 percent. a. What is the stock's value for you? b. Should you purchase the stock? Why Justify

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