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If a preferred stock from AstraZeneca (AZN) pays $2.73 in annual dividends and the required return is 11 percent, what is the value of the

If a preferred stock from AstraZeneca (AZN) pays $2.73 in annual dividends and the required return is 11 percent, what is the value of the stock?

a.$24.82

b.$19.43

c.$29.42

d.$21.00

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