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Favored stock will pay a dividend this year of $4.40 per share and there is no growth in didends. The discount rate is 8 percent.

Favored stock will pay a dividend this year of $4.40 per share and there is no growth in didends. The discount rate is 8 percent. Wha price is the stock selling? $22.86 $28.00 $42.00 $55.00

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