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The following preferred stocks are returning 8.5% to their owners who purchased the shares when they were issued. Calculate the prices at which they were

The following preferred stocks are returning 8.5% to their owners who purchased the shares when they were issued. Calculate the prices at which they were issued. Round your answers to the nearest dollar.

Stock Dividend Current Price
A 5% $15
B 6 41
C 10 130
  1. Stock A. $
  2. Stock B. $
  3. Stock C. $

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