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Example 10... A firm has to pay a dividend of $1.20 per share till perpetuity, a zero growth rate of dividends, and a required return

Example 10... A firm has to pay a dividend of $1.20 per share till perpetuity, a zero growth rate of dividends, and a required return of 10 percent. The value of the firm's preferred stock is A. $120 B. $100 C. $10 D. $12

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