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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 5%. What price

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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 5%. What price should these members be willing to pay for the returns they want? a. Theo wants a return of 10% b. Jonathan wants a return of 11% 6. Josh wants a return of 10%. d. Terry wants a return of 19% a. If Theo wants a return of 10%, what price should he be willing to pay? (Round to the nearest cont.)

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