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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.83 every year in perpetuity. If the required return is

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.83 every year in perpetuity. If the required return is 3.94 percent, what is the current stock price?

Multiple Choice

$87.49
$101.04
$90.73
$97.21
$93.52

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