Question: Question 20 (1 point) O'Keeffe Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required

Question 20 (1 point) O'Keeffe Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required return on this preferred stock is 6%, at what price should the preferred stock sell? A) $106.95 B) $109.69 C) $112.50 D) $115.38 E) $125

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