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estion 46 t yet wered rked out of 0 Flag question Company X just issued 200,000 shares of preferred stock at a price of $25
estion 46 t yet wered rked out of 0 Flag question Company X just issued 200,000 shares of preferred stock at a price of $25 per share. The company has promised to pay a annual dividend, with the first dividend of $1.00 occurring 12 months from now. These dividends are expected to grow at a constant rate each year. Given that the interest rate is 10%, what is the growth rate on this preferred stock? Select one: O a. 4%. O b. 6%. O c. 8%. O d. 10%. O e. 12%
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