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It has a required rate The preferred stock of XYZ Corp. pays a fixed annual...

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It has a required rate The preferred stock of XYZ Corp. pays a fixed annual dividend of $6. 7. of return of 12 percent. Compute the price of the preferred stock. 8. A company has preferred stock outstanding that pays a fixed annual dividend of $7. price of $70. What is the required rate of return on the preferred stock? It has a

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