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Calculate the value of HiTech stock when the required return is 12 percent. Preferred stock from HiTech, Inc. pays $1.20 in annual dividend. Calculate the value of the stock if the required return on the preferred stock is 4.5 percent. HiTech, Inc. has earnings per share of $1.82 and a P/E ratio of 31.54. Calculate the stock price. ................
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