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Suppose an annual dividened of preferred stock pays $6.52 and there is a return on investment of 5.8%. What is the stock worth today? a.
Suppose an annual dividened of preferred stock pays $6.52 and there is a return on investment of 5.8%. What is the stock worth today?
a. $37.82
b. $58.63
c. $77.31
d. $88.95
e. $112.41
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1st Edition
0648678830, 978-0648678830
