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Villalpando Winery wants to raise $50 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock,

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Villalpando Winery wants to raise $50 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will have to promise if investors demand a return of a. 11% b. 14% c. 92 d. 10% .. 5%? 1.4%

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