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Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $8.60 per share. If the required return on this preferred

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Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $8.60 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell? Select the correct answer. O a. $131.41 O b. $132.01 O C. $132.31 O d. $132.61 O e. $131.71

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