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Jeffy. Co$.$ has preferred stock outstanding that is expected to pay an annual dividend of $$474$ every year in perpetuity. If the required returin is $4\mathrm{.}59$ percent, what is the current stock price?

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$801$:$13$:$06$

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$$92\mathrm{.}94$

$$108\mathrm{.}01$

$$103\mathrm{.}27$

$$96\mathrm{.}38$

$$98\mathrm{.}74$

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