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A preferred share of Blue Sky Corp. will pay a dividend of $ 6 in the upcoming year and every year thereafter; that is ,

A preferred share of Blue Sky Corp. will pay a dividend of $6 in the upcoming year and every year thereafter; that is, dividends are not expected to grow. You require a return of 5.5% on this stock. Using the dividend discount model to calculate the share price, a preferred share of Oceane Corporation is worth _________.
$109.09
$133.33
$105.50
$145.50

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