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Score: 0 of 1 pt 5 of 8 (0 complete) v HW Score: 0%, 0 of 8 pts P7-13 (similar to) Question Help 0 Villalpando

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Score: 0 of 1 pt 5 of 8 (0 complete) v HW Score: 0%, 0 of 8 pts P7-13 (similar to) Question Help 0 Villalpando Winery wants to raise $10 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a return of a. 12%? b. 15%? c. 8%? d. 7%? e. 5%? f. 4%? a. What annual dividend will it have to promise if investors demand a return of 12%? $ (Round to the nearest cent.)

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