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CMS Energy has both preferred stock and common stock. The common stock carries a $1.63 current dividend (D.). Dividends are expected to grow by 5%

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CMS Energy has both preferred stock and common stock. The common stock carries a $1.63 current dividend (D.). Dividends are expected to grow by 5% per year and you expect a 7.5%. rate of return. What is the value of the stock? The preferred stock pays a perpetual dividend of $4.50 and you expect a 4.061% rate of return What is the value of this stock

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