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Hawkeye inc has an outstanding issue of preferred stock with an annual dividend of $1.21 per share, if the required rate of retum on this

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Hawkeye inc has an outstanding issue of preferred stock with an annual dividend of $1.21 per share, if the required rate of retum on this preferred stock ( rp ) is 14.0%, at what price should the stock soli? Enter your answer with 2 decimals (dollars and cents)

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