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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.04 every year in perpetuity. If the required return is

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.04 every year in perpetuity. If the required return is 4.09 percent, what is the current stock price?

a.$92.19

b.$88.90

c.$98.78

d.$102.82

e.$94.90

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