The growth rate for the firmrsquos common stock is 7 the


The growth rate for the firm’s common stock is 7%. The firm’s preferred stock is paying an annual dividend of five dollars. What is the preferred stock price if the required rate of return is 8%.

A. $5

B. $500

C. $65.20

D. $62.50

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Financial Management: The growth rate for the firmrsquos common stock is 7 the
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