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Murky Pharmaceuticals has issued preferred stock with a par value of $ 1 0 0 and a 5 % dividend. The investors' required yield is

Murky Pharmaceuticals has issued preferred stock with a par value of $100 and a 5% dividend. The investors' required yield is 10%. What is the value of a share of Murky preferred?
a. $100
b. $75
c. $25
d. $50
e. $10
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