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Barrington, Inc. has an issue of preferred stock outstanding. It is expected to pay a $0.80 dividend per share every quarter. The required return is

Barrington, Inc. has an issue of preferred stock outstanding. It is expected to pay a $0.80 dividend per share every quarter. The required return is 10.00% with quarterly compounding, what is the share price today? Answer to the nearest cent and do not include the $ sign. Your

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