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Fenway Athletic Club plans to offer its members preferred stock with a par value of $200 and an annual dividend rate of 6 %. What

Fenway Athletic Club plans to offer its members preferred stock with a par value of $200 and an annual dividend rate of 6 %. What price should these members be willing to pay for the returns they want? a.Theo wants a return of 8%. b.Jonathan wants a return of 11%. c.Josh wants a return of 15%. d.Terry wants a return of 18%.

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