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Soap Inc.'s $100 par value preferred stock pays a dividend fixed at 5% of par. To earn 10% on an investment in this stock, you

Soap Inc.'s $100 par value preferred stock pays a dividend fixed at 5% of par. To earn 10% on an investment in this stock, you need to purchase the shares at a per share price of?

$80.0

$62.5

$50.0

$75.7

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