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You have a chance to buy some preferred stock from Company X which has paid an annual, constant dividend of $20.00. Your Required Rate of
You have a chance to buy some preferred stock from Company X which has paid an annual, constant dividend of $20.00. Your Required Rate of return to entice you towards moving your money into investments is 11%. For what price should you be willing to pay for the preferred stock?
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$181.82
$180.82
$183.82
$184.28
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