Question
Villalpando Winery wants to raise $35 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred​ stock, what annual dividend will it have to promise if investors demand a return of
 
a.  
12​%?
b.  
16​%?
c.  
9​%?
d.  
10​%?
e.  
6​%?
f.  
4​%?

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