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A preferred stock from Hecla Mining Co. (HLPRB) pays $2.40 in annual dividends. If the required rate of return on the preferred stock is 6

A preferred stock from Hecla Mining Co. (HLPRB) pays $2.40 in annual dividends. If the required rate of return on the preferred stock is 6 percent, what is the fair present value of the stock?

Whats the fair present value ?

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