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A preferred stock pays an annual dividend of $3.28 per share indefinitely. Investors require a 14.98 percent rate of return on this preferred stock. What

A preferred stock pays an annual dividend of $3.28 per share indefinitely. Investors require a 14.98 percent rate of return on this preferred stock. What should the price of one share of this stock be today? $2.85 $21.90 $4.57 $11.41 $16.31

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