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Stana, Inc., has preferred stock outstanding that sells for $94.64 per share. If the required return is 3.6 percent, what is the annual dividend? Multiple

Stana, Inc., has preferred stock outstanding that sells for $94.64 per share. If the required return is 3.6 percent, what is the annual dividend?

Multiple Choice

  • $3.53

  • $3.07

  • $3.19

  • $3.29

  • $3.41

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