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Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $8.00 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 $8.00 per share. If the required return on this preferred stock is 6.67%, at what price should the preferred stock sell? $119.94 $112.50 $109.69 $104.90 $103.97 The Jameson Company expects to pay a dividend $1.85 per share (D1 = $1.85), and expected growth is 3.50% per year in the future. The company's beta is 1.25, the market risk premium is 5.00%, and the risk-free rate is 3.50%. (Suppose markets are in equilibrium). What is Jameson's current stock price, PO? $29.60 $31.55 $30.56 $28.59 $31.00 Page 10 of 31

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