Raekwon7654 Raekwon7654
  • 08-04-2024
  • Business
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The growth rate for the firms common stock is 7%. The firms preferred stock is paying an annual dividend of five dollars. What is the preferred stock price if the required rate of return is 8%.
A. $5
B. $500
C. $65. 20
D. $62. 50

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