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Royal Jordanian has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock

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Royal Jordanian has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock has been estimated to be 16 percent. The value of the preferred stock is O a $0.64 O b. $25 OC $50 Od $64

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