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QUESTION 20 Snellen EO Inc. is offering its preferred stocks that have a cost of preferred equity of 7.35%. The stocks pay $5.65 dividend per

QUESTION 20

  1. Snellen EO Inc. is offering its preferred stocks that have a cost of preferred equity of 7.35%. The stocks pay $5.65 dividend per share. What is the current market price of the shares?

a.

76.87

b.

130.09

c.

116.74

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