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You are planning to purchase 200 shares of preferred stock and must choose between stock in the Jackson Corporation and stock in the Fields Corporation.
You are planning to purchase 200 shares of preferred stock and must choose between stock in the Jackson Corporation and stock in the Fields Corporation. Your required rate of return is 8.69 percent. If the stock in Jackson pays a dividend of $1.75 and is selling for $20 and the stock in Fields pays a dividend of $2.50 and is selling for $29, which stock should you choose?
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