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Preferred stock of Slow But Sure Inc., pays annual dividends of $2.56. These dividends are expected to continue into the indefinite future. What is the

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Preferred stock of Slow But Sure Inc., pays annual dividends of $2.56. These dividends are expected to continue into the indefinite future. What is the fair price of Slow But Sure's preferred stock if the required return on this stock is 16 percent? Oa $256.00 Ob.$160.00 Oc. $16.00 Od.$25.60 Oe None of the above

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