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The preferred stock of the Limbaugh Institute pays a constant annual dividend of $4 and sells for $50. You believe the stock will sell

The preferred stock of the Limbaugh Institute pays a constant annual dividend of $4 and sells for $50. You believe the stock will sell for $32 in one year. You must, therefore, believe that the required return on the stock will be in one year. percentage points A) 8; higher B) 8; lower C) 1.5; higher D) 2.5; lower E) 4.5; higher

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