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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.69 every year in perpetuity. If the required retum is

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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.69 every year in perpetuity. If the required retum is 3.84 percent, what is the current stock price? $89.69 $99.78 $96.09 $92.54 $86.48

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