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Builtrite preferred stock has a 2.7% coupon based on a par value of $58 a share. Currently, investors require a 5% return. What is the

Builtrite preferred stock has a 2.7% coupon based on a par value of $58 a share. Currently, investors require a 5% return. What is the value of Builtrite's preferred stock? $33.97 $31.32 $29.53 $27.50

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