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Q17 A preferred stock pays a $4.8 annual dividend. What is the maximum price you are willing to pay for one share of this stock

Q17

A preferred stock pays a $4.8 annual dividend. What is the maximum price you are willing to pay for one share of this stock today if your required return is 6.35 percent?

$32.68

$51.34

$64.78

$75.59

$83.72

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