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Because that dividend stream is constant, preferred stock is well valued using the:

AConstant growth demand model
BConstant growth dividend model
CConstant growth deposit model
DConstant growth discount charge
Answer & Solution
Correct answer: B. Constant growth dividend model
1. The dividend does not change. 2. The model fits that pattern. 3. It is the constant growth dividend model. _Source: OpenStax Principles of Finance 2e, Chapter 11, Stocks and Stock Valuation._
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