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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.41 every year in perpetuity. If the required return is

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.41 every year in perpetuity. If the required return is 3.64 percent, what is the current stock price?

Multiple Choice

$90.39
$93.68
$84.31
$97.09
$87.44

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