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The value of a $50 par value perpetual preferred share that pays annual dividends based on a 8% dividend rate, when the market yield is
The value of a $50 par value perpetual preferred share that pays annual dividends based on a 8% dividend rate, when the market yield is 7%, is closest to:
Select one:
A.
$57.14.
B.
$50.00.
C.
$43.75.
D.
$51.20.
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