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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.76 every year in perpetuity. If the required return is

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.76 every year in perpetuity. If the required return is 3.89 percent, what is the current stock price? Multiple Choice $86.99 $100.42 $93.04 $96.66 $90.21

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