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A company's preferred stock will pay level annual dividends forever starting five years from now. Using an annual effective interest rate of 10%, the

A company's preferred stock will pay level annual dividends forever starting five years from now. Using an annual effective interest rate of 10%, the modified duration of the stock is D. Calculate D. A 13.64 B 14.55 C 15.00 D 16.00 E 16.50

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