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In 2021, CTB Bank Inc. issued a $100 par value preferred stock that pays a 5 percent annual dividend. Due to changes in the overall
In 2021, CTB Bank Inc. issued a $100 par value preferred stock that pays a 5 percent annual dividend. Due to changes in the overall economy and in the company's financial condition, investors are now requiring a 7 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now? $85.43 $93.33 O $71.43 $110.65 O $90
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