What is the change in the price of the stock

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Question: Big Oil, Inc. has a preferred stock outstanding that pays a $7 annual dividend. If investors' required rate of return is 10 percent, what is the market value of the shares? If the required return declines to 6 percent, what is the change in the price of the stock? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131945811

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