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3 . Octimus Inc has a $100 par fixed - rate perpetual preferred stock outstanding with a dividend of 7% . The stock is currently

3 . Octimus Inc has a $100 par fixed - rate perpetual preferred stock outstanding with a dividend of 7% . The stock is currently trading for $56 . 36 . Given a required rate of return of 1% , the stock is most likely A . Undervalued B . Overvalued C . Fairly valued

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