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lf the dividends on a preferred stock is $6 per year and the required rate of return on the stock is 15% then the price

lf the dividends on a preferred stock is $6 per year and the required rate of return on the stock is 15% then the price of the stock is: 1. $5 2. $40 3. $60 4. $90 5. none of the given ones

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