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Volue of a Preferred Stock If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred
Volue of a Preferred Stock If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred stock is 700 percent, what's the value of the stock? Multiple Choice $42.86 $2100 $.21 O $.43
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