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Achi Corp has preferred stock with an annual dividend of $ 2 . 9 9 . If the required return on Achi's preferred stock is
Achi Corp has preferred stock with an annual dividend of $ If the required return on Achi's preferred stock is what is its price? Hint: For
a preferred stock, the dividend growth rate is zero.
Achi's stock price will be $Round to the nearest cent.
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