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Gary Wells Inc. plans to issue perpetual preferred stock with an annual dividend of $5.00 per share. If the required return on this preferred stock

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Gary Wells Inc. plans to issue perpetual preferred stock with an annual dividend of $5.00 per share. If the required return on this preferred stock is 5.0%, at what price should the stock sell? O a. 50.00 100.00 Ob. Oc. 97.80 Od. 91.75

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