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Find the value of a share of preferred stock that pays $6.00 per year given a required return of 16%. $65.00 $18.33 $2.67 $37.50 $96.00

Find the value of a share of preferred stock that pays $6.00 per year given a required return of 16%.

$65.00

$18.33

$2.67

$37.50

$96.00

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