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Graphical Designs is offering 5 - 5 preferred stock. The stock will pay an annual dividend of $ 5 with the first dividend payment occurring

Graphical Designs is offering 5-5 preferred stock. The stock will pay an annual dividend of $5 with the first dividend payment occurring 5 years from today. The required return on this stock is 4.55 percent. What is the price of the stock today?
Multiple Choice
$91.97
$86.06
$109.89
$84.14
$87.97

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