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-05:00) Question 3 3/3 View Policies Show Attempt History Your Answer Correct Answer Your answer is correct. Ivanhoe Energy Company has issued perpetual preferred stock

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-05:00) Question 3 3/3 View Policies Show Attempt History Your Answer Correct Answer Your answer is correct. Ivanhoe Energy Company has issued perpetual preferred stock with a stated (par) value of $100 and a dividend of 6.0 percent. If the required rate of return is 8.00 percent, what is the stock's current market price? (Round answer to 2 decimal places, e.g. 15.25.) Current market price $ 75.00

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