Question: John is considering purchasing some preferred stock from Crane Corp. The company pays a $5 annual dividend per share on its preferred stock, and

John is considering purchasing some preferred stock from Crane Corp. The company

John is considering purchasing some preferred stock from Crane Corp. The company pays a $5 annual dividend per share on its preferred stock, and similar risk companies are earning 6% annual returns. What should be the value of the stock per share? O $3.00 O $833.33 $30.00 $83.33

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