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Pioneer's preferred stock is selling for $32 in the market and pays a $4.10 annual dividend. a.If the market's required yield is 14 percent, what
Pioneer's preferred stock is selling for $32 in the market and pays a $4.10 annual dividend. a.If the market's required yield is 14 percent, what is the value of the stock for that investor? b. Should the investor acquire the stock?
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