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John is considering purchasing some preferred stock from Crane Corp. The company pays a $5 annual dividend per share on its preferred stock, and

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John is considering purchasing some preferred stock from Crane Corp. The company pays a $5 annual dividend per share on its preferred stock, and similar risk companies are earning 6% annual returns. What should be the value of the stock per share? O $3.00 O $833.33 $30.00 $83.33

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