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What is the value (today's price) of a preferred stock that pays an annual dividend of $3.50 when the required rate of return is 8.5

What is the value (today's price) of a preferred stock that pays an annual dividend of $3.50 when the required rate of return is 8.5 percent? What is the value when the required rate of return changes to 6 percent and 11.5 percent, respectively?

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