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QUESTION

CCE Inc. has preferred stocks outstanding. The preferred dividend per share is $2.5 and the required rate of return is .20. What is the expected

CCE Inc. has preferred stocks outstanding. The preferred dividend per share is $2.5 and the required rate of return is .20. What is the expected price per share?

Select one:

a. $13.77

b. $14.13

c. $13.11

d. $12.5

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