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Ide ULICUITI SI Question 5. GHT Corporation has a preferred stock issue outstanding, which carries a par value of $60 and a fixed dividend rate

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Ide ULICUITI SI Question 5. GHT Corporation has a preferred stock issue outstanding, which carries a par value of $60 and a fixed dividend rate of 8 percent. If the market requires a rate of return of 10 percent to hold this preferred stock, what is its market price today

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