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A firm issues preferred stock with a dividend of $5.00. If the appropriate discount rate...

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A firm issues preferred stock with a dividend of $5.00. If the appropriate discount rate is 10.00% p.a., the value of the preferred stock is $. 1) 48.13 2) 47.11 3) 49.07 O4) 51.25 5) 50.00

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