A preferred stock pays an annual dividend of $7.50. If the return required by shareholders...
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Accounting
A preferred stock pays an annual dividend of $7.50. If the return required by shareholders is 9% and the company is expecting earnings growth of 4%, then the price per share for this preferred stock is _____.
A. $187.50
B. $68.18
C. $150.00
D. $83.33
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