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Could you please solve this an show all steps please? A preferred stock is paying' a dividend of $5.35 per share. The required rate of

Could you please solve this an show all steps please? image text in transcribed
A preferred stock is paying' a dividend of $5.35 per share. The required rate of retum is 9.826 percent. What is the price of the stock today? $51.28$50.82$54.45$45.50

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