An issue of preferred stock is paying an annual dividend of $5. The growth rate for the firm's common stock is 12%. What

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answerhappygod
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An issue of preferred stock is paying an annual dividend of $5. The growth rate for the firm's common stock is 12%. What

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An issue of preferred stock is paying an annual dividend of $5.
The growth rate for the firm's common stock is 12%. What is the
preferred stock price if the required rate of return is 10%?
a. $22.73
b. $50.00
c. $41.67
d. $5.00
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