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Listen Villalpando Winery wants to raise $ 1 0 million from the sale of preferred stock. If the winery wants to sell one million shares

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Villalpando Winery wants to raise $10 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a 10% return?
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a) $1,000,000
b) $10,000
c) $10,000,000
d) $100,000
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