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Determine the value of a share of Max Pax $7.55 cumulative preferred stock to an Investor who requires a 7.85% rate of return. Question 12Answer

Determine the value of a share of Max Pax $7.55 cumulative preferred stock to an Investor who requires a 7.85% rate of return. Question 12Answer a. $86.29 b. $78.85 c. $45.50 d. $70.06

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