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Natter Corporation is growing at a constant rate of 6% per year. The required rate of return on preferred stock (rp) is 8%. The par

Natter Corporation is growing at a constant rate of 6% per year. The required rate of return on preferred stock (rp) is 8%. The par value of the preferred stock is $100, and the stock has a stated dividend of 10% of par. What is the market value of the preferred stock?

a.$187.5

b.$250.0

c.$125.0

d.$150.0

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