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CCC Inc. issued preferred stock with an annual dividend of $1.80 per share. If the required return on this preferred stock is 5.75%, then at
CCC Inc. issued preferred stock with an annual dividend of $1.80 per share. If the required return on this preferred stock is 5.75%, then at what price should the stock sell?
a.
$37.39
b.
$32.92
c.
$39.13
d.
$25.22
e.
$31.30
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