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A share of preferred stock pays a dividend of $1.21 and has a discount rate of 12.1%. What is the price? (Enter the answer in

A share of preferred stock pays a dividend of $1.21 and has a discount rate of 12.1%. What is the price? (Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)

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