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If Genco's preferred stock pays a dividend of$5 per share and its investors require an8% return, what should its price per share of preferred stockbe?
If Genco's preferred stock pays a dividend of$5 per share and its investors require an8% return, what should its price per share of preferred stockbe?
A.
$12.75
B.
$50.00
C.
$6.25
D.
$ .40
E.
$62.50
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