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A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 percent rate of return on this preferred stock.

A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 percent rate of return on this preferred stock. What should the price of one share of this stock be today? O $3.94 O $16.34 O $25.38 $12.86 O $3.21

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