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What is the value of a $50 par value preferred stock with a 3.0% coupon if investors require a 10% return? $90 S $70 $50

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What is the value of a $50 par value preferred stock with a 3.0% coupon if investors require a 10% return? $90 S $70 $50 $15 ts Builtrite stock is currently selling for $40 and recently paid a dividend of $2.00. The stock has a projected constant growth rate of 12%. If you purchase this stock, what is your expected rate of return? 16.7% 17.1% 17.6% 18.2%

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