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What is the value of JeweiCo's $2.40 preferred stock if the appropriate required rate of return is 12.25% ? $21.99 $2.14 $2.69 $19.59 None of

What is the value of JeweiCo's $2.40 preferred stock if the appropriate required rate of return is 12.25% ? $21.99 $2.14 $2.69 $19.59 None of the listed items is correct

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