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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.48 every year in perpetuity. If the required return is

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.48 every year in perpetuity. If the required return is 3.69 percent, what is the current stock price?

Multiple Choice

$97.79

$94.31

$90.95

$88.02

$84.88

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