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Ryan Inc. plans to issue preferred stock with a perpetual annual dividend of $2 per share. If the required return on this stock is currently

Ryan Inc. plans to issue preferred stock with a perpetual annual dividend of $2 per share. If the required return on this stock is currently 8%, what should be the stock's market value? 1) $22.00 2) $23.00 3) $24.00 4) $25.00 5) $26.00

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