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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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