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need help asap 6 A share of preferred stock pays an annual dividend of $2.00. What is the price of the preferred stock if the

need help asap 6

A share of preferred stock pays an annual dividend of $2.00. What is the price of the preferred stock if the required rate of return is 11% ? $16.67 $18.18 $20.00 $22.22 $25.00

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