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Goldman Sach's preferred stock has a par value of $100 with a dividend yield of 8%. what is the value of this stock if the

Goldman Sach's preferred stock has a par value of $100 with a dividend yield of 8%. what is the value of this stock if the required return is 9%?

A. $109.00

B. $90.00

C. $88.89 D. $108.00

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