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Company Q issues preferred stock with a par value of $100 per share and an annual dividend rate of 8%. If the market required rate

Company Q issues preferred stock with a par value of $100 per share and an annual dividend rate of 8%. If the market required rate of return on similar preferred stocks is 6%, calculate the price of the preferred stock. Discuss the factors influencing the valuation of preferred stock and its attractiveness to investors.

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