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If investors require a 10% annual return on a 15% preferred stock with a par value of $195, which of the following falls closest to
If investors require a 10% annual return on a 15% preferred stock with a par value of $195, which of the following falls closest to where the stock's price should be?
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current question choices
OptionA
$130
OptionB
$200
OptionC
$300
OptionD
$700
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