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NO EXCEL PLEASE!!!! Mega Inc. has 150,000 preferred shares outstanding, which pay a dividend rate of 1.25 percent. Currently the market value of these preferred

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NO EXCEL PLEASE!!!! Mega Inc. has 150,000 preferred shares outstanding, which pay a dividend rate of 1.25 percent. Currently the market value of these preferred shares is $30 million and the short-term government T-bills yield is 5 percent. What is the par value of these shares if investors require a risk premium of 3 percent? (Ctrl

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