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Jinsuk Inc. has preferred stock outstanding that is expected to pay an annual dividend of $4 every year in perpetuity. If the required return is

Jinsuk Inc. has preferred stock outstanding that is expected to pay an annual dividend of $4 every year in perpetuity. If the required return is 2.5 percent, what is the current stock price? 


$160 


$120


$140 


$180

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