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If a preferred stock from Pfizer Inc. (PFE) pays $2.50 in annual dividends, and the required return on the preferred stock is 8.0 percent, what's

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"If a preferred stock from Pfizer Inc. (PFE) pays $2.50 in annual dividends, and the required return on the preferred stock is 8.0 percent, what's the value of the stock?" $33.75 $2.70 $26.67 $31.25 $28.94

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