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Preferred Stock Valuation Several years ago, Rolen Riders issuedpreferred stock with a stated annual dividend of 12% of its $100par value. Preferred stock of this

Preferred Stock Valuation Several years ago, Rolen Riders issuedpreferred stock with a stated annual dividend of 12% of its $100par value. Preferred stock of this type currently yields 10%.Assume d 2 answers

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