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THE ROMM COMPANY ISSUED PREFERRED STOCK WITH A 10% ANNUAL DIVIDEND PAYOUT. THE REQUIRED RATE OF RETURN ON SUCH EQUITY IS 8% THE STOCK HAS

THE ROMM COMPANY ISSUED PREFERRED STOCK WITH A 10% ANNUAL DIVIDEND PAYOUT. THE REQUIRED RATE OF RETURN ON SUCH EQUITY IS 8% THE STOCK HAS A STATED PAR VALUE OF $100 WHAT IS THE STOCK'S VALUE TODAY? a) $125 b) $80 c) $10 d) $8

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