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Business, 16.04.2020 23:51 nickname0097

Marston Manufacturing Company pays an annual dividend rate of 10.00% on its preferred stock that currently returns 13.40% and has a par value of $100.00 per share. What is the value of Marston's preferred stock? a. $100.00 per share b. $89.56 per share c. $74.63 per share d. $111.94 per share

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