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Walmart preferred stocks are expected to pay a 2.94 annual dividend forever. If the required rate of return on equivalent investment is 2.33%, a share
Walmart preferred stocks are expected to pay a 2.94 annual dividend forever. If the required rate of return on equivalent investment is 2.33%, a share of Walmart preferred should be worth
A.
$3.01.
B.
$6.85.
C.
$82.20.
D.
$126.18.
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