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Wahoo just issued preferred stock at a semiannual dividend of $2 per share. If you have an annual discount rate as an investor of 8%,

Wahoo just issued preferred stock at a semiannual dividend of $2 per share. If you have an annual discount rate as an investor of 8%, how much the price of the preferred stock should be?

a. $25

b. $50

c. $75

d. $100

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