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A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 nercent rate of return on thic nreferred ctork. What

A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 nercent rate of return on thic nreferred ctork. What chould the nrice of ane chare of thic stark be today? $16.34 $3.21 $25.38 bans. $1286

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