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Preferred stock offered by company K has a price of $85 pershare. Dividends are paid semi-annually. The expected annual returnis 3.4%, what is the dividend

Preferred stock offered by company K has a price of $85 pershare. Dividends are paid semi-annually. The expected annual returnis 3.4%, what is the dividend that company K offered for eachperiod? (c 2 answers

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