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??????? Determine the market price of a ( $ 50 ) par value preferred share that pays annual dividends based on a ( 4.0 %

??????? Determine the market price of a \( \$ 50 \) par value preferred share that pays annual dividends based on a \( 4.0 \% \) dividend rate when the market rate is \( 5 \% \) ? \[ \begin{array}{l} \$ 60 \\ 2 answers

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