An issue of preferred stock is paying an annual dividend of $5.The growth rate for the firm's common stock is 14%.What is the preferred stock price if the required rate of return is 11%?
A) $45.45
B) $41.67
C) $35.71
D) $31.45

Name: An issue of preferred stock is paying an annual dividend of $5.The growth rate for the firm's common stock is 14%.What is the preferred stock price if the required rate of return is 11%? A) $45.45 B) $41.67 C) $35.71 D) $31.45
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The Answer is A

An Issue of Preferred Stock Is Paying an Annual Dividend