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Assume a share of preferred stock pays an annual dividend of $ 1 2 . The preferred stock's yield is 6 % . What is

Assume a share of preferred stock pays an annual dividend of $12. The preferred stock's yield is 6%. What is the preferred stock's price if the first dividend is in exactly 7 months? (Using the accrued dividend approach)
$200
$205
$204
$203
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