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Molen Inc

Question 61
Multiple Choice

Molen Inc.has an outstanding issue of perpetual preferred stock with an annual dividend of $4.00 per share.If the required return on this preferred stock is 6.5%,then at what price should the stock sell? A) $61.54 B) $64.62 C) $48.00 D) $52.92 E) $63.38

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