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(Preferred stock expected return) You are planning to purchase 200 shares of preferred stock and must choose between Stock A and Stock B. Stock A

(Preferred stock expected return) You are planning to purchase 200 shares of preferred stock and must choose between Stock A and Stock B. Stock A pays an annual dividend of $5.25 and is currently selling for $38. stock B pays an annual dividend of $5.05 and is selling for $40. If your required return is 13.23 percent, which stock should you choose?

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