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A preferred stock pays a perpetual dividend of 0.75 $ on a quarterly basis. If the return on this stock is 12%, what would be

A preferred stock pays a perpetual dividend of 0.75 $ on a quarterly basis. If the return on this stock is 12%, what would be the fair price of it?

		1.56$
		None of the suggested answers.
		25.00$
		6.25$

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