If a preferred stock from AstraZeneca (AZN) pays $2.73 in annual dividends and the required return is
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Question:
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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