[Solved] Kin Corp. has preferred stock that was is

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Kin Corp. has preferred stock that was issued 3 years ago. It currently offers a return of 7.8% and pays a dividend of 2.14 per

Kin Corp. has preferred stock that was issued 3 years ago. It currently offers a return of 7.8% and pays a dividend of 2.14 per share. What is the price on the preferred stock? $27.44 $82.31 $45.67 $61.98

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