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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 5 years from

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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 5 years from today. The required return on this stock is 4.95 percent. What is the price of the stock today? Multiple Choice O $77.46 $75.59 O $79.33 $83.26 O $101.01

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