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Yankee Athletic Club has preferred stock with a par value of $50 and an annual 6% cumulative dividend. Given the following prices for the preferred

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Yankee Athletic Club has preferred stock with a par value of $50 and an annual 6% cumulative dividend. Given the following prices for the preferred stock, what is each investor seeking for his or her retum? a. Alex is willing to pay $40. b. Derek is willing to pay $30. c. Marcia is willing to pay $20. d. Johnny is willing to pay $10

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